Rigcount Report: US (712,+18), CAN (345,+03), INT (929,+04) 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. The Baker Hughes Rig Counts are an important business barometer for the drilling industry and its suppliers. 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 products used in drilling, completing, producing and processing hydrocarbons.

1. RIGCOUNT OILWIRE
MARKETS
Source: BHI, JAN 27, 2017 (W04)
LAST YEAR COUNT
29.01.2016
US 712
+18
694
619
PRIOR COUNT
20.01.2017
LAST YEAR COUNT
29.01.2016
CAN 345
+03
342
231
PRIOR COUNT
20.01.2017
INT 929
+04
925
763LAST YEAR COUNT
DEC 2015
PRIOR COUNT
NOV 2016