Environment and Energy

Active Gas & Oil Rig Counts in October

Written by Brett Linton

October 13, 2017

The weekly U.S. rig count took a slight dip this week, according to Sept. 8 data from oilfield services company Baker Hughes. The number of active U.S. drill rigs declined by 8 to 928 rigs, oil rigs declined 5 to 743 rigs, gas rigs fell 2 to 185 rigs, and miscellaneous rigs were down 1 to 0 rigs. Compared to this time last year, the 928 count is up 389 rigs, with oil rigs up 311, gas rigs up 80, and miscellaneous rigs down 2. See the first graph below for a history of active U.S. rig counts.

The Canadian rig count increased by 3 to 212 rigs this past week, with oil rigs unchanged at 112 rigs, gas rigs up 3 to 100 rigs, and miscellaneous rigs unchanged at 0. Compared to last year, the 212 count is up 47 rigs, with oil rigs up 22, gas rigs up 25, and miscellaneous rigs unchanged. See the second graph below for a history of active Canadian rig counts.

International rigs decreased by 21 to 931 rigs for the month of September, a decrease of 3 rigs from the same month one year ago. For a history of both the U.S. and Canadian rig count, visit the Rig Count page on the Steel Market Update website here.

About the Rotary Rig Count

A rotary rig is one that rotates the drill pipe from the surface to either drill a new well or sidetrack an existing one. They are drilled to explore for, develop and produce oil or natural gas. The Baker Hughes Rotary Rig count includes only those rigs that are significant consumers of oilfield services and supplies.

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. Rigs considered active must be on location and drilling. They are considered active from the time they break ground until the time they reach their target depth.

The Baker Hughes International Rotary Rig Count is a monthly census of active drilling rigs exploring for or developing oil or natural gas outside of the United States and Canada. International rigs considered active must be drilling at least 15 days during the month. The Baker Hughes International Rotary Rig Count does not include rigs drilling in Russia or onshore China.

Brett Linton

Brett Linton is a senior analyst for Steel Market Update, where he began his career. Linton has been in the steel industry since 2010. He has held roles as a category manager and strategic insights director at Reibus before returning to SMU in 2024. He is a graduate of The University of North Georgia with a degree in Finance and Accounting. Brett can be reached at brett@steelmarketupdate.com or 724-314-0179.

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