U.S. Baker Hughes Oil Rig Count

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Latest ReleaseApr 10, 2026
Actual411.00
Forecast-
Previous
411.00
Importance:Country:Currency:Source:
The Baker Hughes rig count is an important business barometer for the oil drilling industry. 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 oil products.
Release dateTimeActualForecastPrevious
Apr 24, 202617:00
Apr 17, 202617:00
411.00
Apr 10, 202617:00411.00
411.00
Apr 02, 202617:00411.00
409.00
Mar 27, 202617:00409.00
414.00
Mar 20, 202617:00414.00
412.00
Mar 13, 202617:00412.00
411.00
Mar 06, 202618:00411.00
407.00
Feb 27, 202618:00407.00
409.00
Feb 20, 202618:00409.00
409.00

U.S. Baker Hughes Oil Rig Count Discussion

why is this count 188 and the baker huges website is 265 ????
they report on oil rigs vs gas rigs - the intended product the well is going after.  This count was for oil rigs.  Basically you have to have a drilling rig on site and turning a bit to get counted...  it's not light re-work rigs and the like, it's about new, cased holed work...
"The Baker Hughes rig count is an important business barometer for the oil drilling industry. 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 oil products." This description is grossly misleading, the opposite is true. Oil rigs are for producing oil, it is an indicator of supply.
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