How often are rotary rigs reported?

Rotary rigs in operation are reported weekly. Monthly data are averages of 4- or 5-week reporting periods, not calendar months. Annual data are averages over 52 or 53 weeks, not calendar year. Published data are rounded to the nearest whole number. Geographic coverage is the 50 States and the District of Columbia.

How many oil rigs are there in the US?

The June 20th Baker Hughes rig count report shows a drop in the active rig count. Baker Hughes reports 554 active drilling rigs in the US. In April, the total active rig count was 587. One year ago, the total active rig count was 588. The oil rig count is currently 438 rigs, compared to 483 in April and 485 one year ago.

What is a weekly rig count?

In addition, the weekly US count includes a split of rigs drilling for oil or natural gas and the number drilling directional and horizontal wells. Other geographic splits are available such as the North and South counts for Louisiana and the Railroad Commission Districts of Texas. The various rig count subsets may cover different time spans.

What is the Baker Hughes 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. What makes the Baker Hughes Rig Count unique?

How are rigs counted?

In international areas, rigs are counted on a weekly basis and deemed active if drilling activities occurred during the majority of the week. The weekly results are averaged for the month and published each month. A rig is considered drilling if it is turning to the right (i.e. the well is underway but has not reached the target depth or T.D.).

What rigs are included in the Baker Hughes rotary rig count?

The Baker Hughes Rotary Rig count includes only those rigs that are significant consumers of oilfield services and supplies and does not include cable tool rigs, very small truck mounted rigs or rigs that can operate without a permit. Non-rotary rigs may be included in the count based on how they are employed.