Blog | Tools | Glossary | Search

Share:   | feedback

Baker Hughes Rig Count

From petrofaq
Jump to navigation Jump to search

The Baker Hughes Rig Counts are an important business barometer for the drilling industry and its suppliers. When drilling rigs are active they consume products and services produced by the oil service industry. The active rig count acts as a leading indicator of demand for products used in drilling, completing, producing and processing hydrocarbons.

Baker Hughes Rig Counts are published by major newspapers and trade publications, are referred to frequently by journalists, economists, security analysts and government officials, and are included in many industry statistical reports. Because they have been compiled consistently for 70 years, Baker Hughes Rig Counts also are useful in historical analysis of the industry.

Baker Hughes has issued the rotary rig counts as a service to the petroleum industry since 1944, when Baker Hughes Tool Company began weekly counts of U.S. and Canadian drilling activity. Baker Hughes initiated the monthly international rig count in 1975. The North American rig count is released weekly at noon Central Time on the last day of the work week. Starting in February 2020, the international rig count will be released on the last working day of the first week of the month.

Baker Hughes provides rig count for North America and International.
North America rig count is available on App Atore.

The details are on

Some notes from Baker Hughes Rig Counts FAQ:

  • What makes the Baker Hughes Rig Count unique?

Other companies define activity differently than Baker Hughes and their counts may include rigs that are available or contracted but not actively drilling. These counts provide a census of rigs available for work rather than those actually working.

  • What is the North American Rotary Rig Count?

The Baker Hughes North American Rotary Rig Count is a weekly census of the number of drilling rigs actively exploring for or developing oil or natural gas in the United States and Canada.

  • When is a rotary rig "active" ?

To be counted as active a rig must be on location and be drilling or 'turning to the right'. A rig is considered active from the moment the well is "spudded" until it reaches target depth or "TD". Rigs that are in transit from one location to another, rigging up or being used in non-drilling activities such as workovers, completions or production testing, are NOT counted as active.

  • When was the highest and lowest international rig count?

Since 1975 the highest international rig count was 1,509, recorded in November 1982. The lowest international rig count of 556 was recorded in August 1999.

Add your comment
petrofaq welcomes all comments. If you do not want to be anonymous, register or log in. It is free.