Latest U.S. Baker Hughes Rig Count Up 55.6% Year/Year



According to the latest Baker Hughes rig count report, as of November 22, 2017, the U.S. had a rig count of 923, which was up eight from 915 the previous week and up 330, or 55.6%, from 593 on the same date one year ago.

The Canadian rig count was 215, up from 208 one week earlier and up 41 from the same date one year ago.

Baker Hughes has issued the rotary rig counts as a service to the petroleum industry since 1944, when Hughes Tool Company began weekly counts of U.S. and Canadian drilling activity. 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. The international rig count is released on the fifth working day of each month.


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