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Baker-Hughes Rig Count  
Released On 12/7/2018 1:00:00 PM For wk12/7, 2018
PriorActual
N. Amer. Rig Count1275 1261 
U.S.1076 1075 
Gulf of Mexico23 23 
Canada199 186 

Highlights
The Baker Hughes North American rig count is down 14 rigs in the December 7 week to 1,261. The U.S. rig count is down 1 rig from last week to 1,075 but is up 144 rigs from last year at this time. The Canadian count is down 13 rigs from last week to 186 and compared to last year is down 33 rigs.

For the U.S. count, rigs classified as drilling for oil are down 10 at 877 but gas rigs are up 9 at 198. For the Canadian count, oil rigs are down 17 at 102 but gas rigs are up 4 at 84.

Definition
The Baker Hughes North American rig count tracks weekly changes in the number of active operating oil & gas rigs. Used for drilling wellbores for wells that may eventually produce oil or gas, active rigs are essential for the exploration and development of oil and gas fields. Rigs that are not active are not counted. Components in the data are the United States and Canada with a separate count for the Gulf of Mexico (which is a subset of the U.S. total). The count includes only rigs that are significant users of oilfield services and supplies.  Why Investors Care
 

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