United States USD

United States Baker Hughes Total Rigs Count

Info

History

Chart

Impact:

Low

Source: Baker Hughes Company

Latest Release:

Date:

Actual:

563

Forecast:

Previous/Revision:

566

Period: May/30

Next Release:

Date:

Period: Jun/06

What Does It Measure?

The Baker Hughes Total Rigs Count measures the number of active drilling rigs in the United States and serves as a critical indicator of oil and natural gas exploration activity. This count focuses on both onshore and offshore drilling operations and is essential in assessing the health and direction of the energy sector, with increases typically indicating higher future production levels.

Frequency

The report is released weekly, typically on Friday mornings, providing timely insights into the state of the oil and gas industry.

Why Do Traders Care?

Traders closely monitor the Baker Hughes Total Rigs Count as it is a leading indicator of crude oil production; rising rig counts often suggest increased supply, which can influence crude oil prices and associated assets. Moreover, changes in this count can lead to price fluctuations in energy-related stocks, impacting broader financial markets due to the sector's economic significance.

What Is It Derived From?

The Total Rigs Count is derived from weekly surveys conducted by Baker Hughes, where data is collected from various oil and gas companies regarding their drilling activities. This information is compiled to provide an accurate count of active rigs across the U.S., with both land and offshore operations accounted for.

Description

The Baker Hughes Total Rigs Count primarily serves as a leading economic measure regarding the energy market, reflecting changes in drilling activity that precede fluctuations in oil supply. By providing insight into the operational landscape of the oil industry, this indicator can influence market sentiment and expectations surrounding energy prices and availability.

Additional Notes

This indicator is often compared with other related metrics such as crude oil inventories and production figures, allowing analysts to evaluate overall market conditions. The Total Rigs Count tends to be a leading measure; increases in rig counts may signal anticipated future increases in production and potential changes in energy prices.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for USD, Bullish for Energy Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Previous
May 30, 2025	563	566
May 23, 2025	566	576
May 16, 2025	576	578
May 09, 2025	578	584
May 02, 2025	584	587
Apr 25, 2025	587	585
Apr 17, 2025	585	583
Apr 11, 2025	583	590
Apr 04, 2025	590	592
Mar 28, 2025	592	593
Mar 21, 2025	593	592
Mar 14, 2025	592	592
Mar 07, 2025	592	593
Feb 28, 2025	593	592
Feb 21, 2025	592	588
Feb 14, 2025	588	586
Feb 07, 2025	586	582
Jan 31, 2025	582	576
Jan 24, 2025	576	580
Jan 17, 2025	580	584
Jan 10, 2025	584	588
Jan 03, 2025	588	589
Dec 27, 2024	589	589
Dec 20, 2024	589	589
Dec 13, 2024	589	589
Dec 06, 2024	589	582
Nov 27, 2024	582	583
Nov 22, 2024	583	584
Nov 15, 2024	584	585
Nov 08, 2024	585	585
Nov 01, 2024	585	585
Oct 25, 2024	585	585
Oct 18, 2024	585	586
Oct 11, 2024	586	585
Oct 04, 2024	585	587
Sep 27, 2024	587	588
Sep 20, 2024	588	590
Sep 13, 2024	590	582
Sep 06, 2024	582	583
Aug 30, 2024	583	585
Aug 23, 2024	585	586
Aug 16, 2024	586	588
Aug 09, 2024	588	586
Aug 02, 2024	586	589
Jul 26, 2024	589	586
Jul 19, 2024	586	584
Jul 12, 2024	584	585
Jul 05, 2024	585	581
Jun 28, 2024	581	588
Jun 21, 2024	588	590
Jun 14, 2024	590	594
Jun 07, 2024	594	600
May 31, 2024	600	600
May 24, 2024	600	604
May 17, 2024	604	603
May 10, 2024	603	605
May 03, 2024	605	613
Apr 26, 2024	613	619
Apr 19, 2024	619	617
Apr 12, 2024	617	620
Apr 05, 2024	620	621
Mar 28, 2024	621	624
Mar 22, 2024	624	629
Mar 15, 2024	629	622
Mar 08, 2024	622	629
Mar 01, 2024	629	626
Feb 23, 2024	626	621
Feb 16, 2024	621	623
Feb 09, 2024	623	619
Feb 02, 2024	619	621
Jan 26, 2024	621	620
Jan 19, 2024	620	619
Jan 12, 2024	619	621
Jan 05, 2024	621	622