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This Weeks Rig Count

Baker Hughes BHI [a GE company] has released the rig counts for week ending Friday July 13th, 2018. Here they are......

Baker Hughes Rig Count: U.S. +2 to 1,054 Rigs
U.S. Rig Count is up 2 rigs from last week to 1,054, with oil rigs unchanged at 863, gas rigs up 2 to 189, and miscellaneous rigs unchanged at 2. U.S. Rig Count is up 102 rigs from last year's count of 952, with oil rigs up 98, gas rigs up 2, and miscellaneous rigs up 2. The U.S. Offshore Rig Count is unchanged at 19 and down 2 rigs year-over-year.

Baker Hughes Rig Count: Canada +15 to 197 Rigs
Canada Rig Count is up 15 rigs from last week to 197, with oil rigs up 13 to 139 and gas rigs up 2 to 58. Canada Rig Count is up 6 rigs from last year's count of 191, with oil rigs up 33 and gas rigs down 27.

Here is the Complete June 2018 Rig Counts

Check out Chris Vermeulen's recent article...."Buy When They Cry, Sell When They Yell....What we expect over the rest of 2018"

Additional information on the rig count is available here on the Rig Count website.





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