collected by :Jack Luxor The Baker Hughes Rig Counts are an important business barometer for the drilling industry and its suppliers. All questions on the Baker Hughes Rig Count should be e-mailed to: Oilfield Knowledge CenterBaker 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. Because they have been compiled consistently for 70 years, Baker Hughes Rig Counts also are useful in historical analysis of the industry. The North American rig count is released weekly at noon central time on the last day of the work week. Hughes initiated the monthly international rig count in 1975.
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The number of oil rigs increased to 720 from 712 previously and the total has increased for 18 weeks in succession. The total Baker Hughes North American rig count for the week ending May 19th increased to 901 from 885 the previous week. Horizontal rigs continued to dominate with vertical rigs now accounting for only 9% of the total. There was also an increase of 8 in the gas rig count to 180 from 172 previously. The Permian Basin added a further 4 rigs in the week to 361 and compared with 137 in the equivalent 2016 week.
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Baker Hughes Rig Count Climbs for 18th Straight Week
The number of oil rigs increased to 720 from 712 previously and the total has increased for 18 weeks in succession. The total Baker Hughes North American rig count for the week ending May 19th increased to 901 from 885 the previous week. Horizontal rigs continued to dominate with vertical rigs now accounting for only 9% of the total. There was also an increase of 8 in the gas rig count to 180 from 172 previously. The Permian Basin added a further 4 rigs in the week to 361 and compared with 137 in the equivalent 2016 week.
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