Well Service Rig Count

Us active well service rig count is at a current level of 617 00 up from 549 00 last month and down from 1297 00 one year ago. This is a change of 12 39 from last month and 52 43 from one year ago. First published for the industry in 1970 the well service rig count quickly became one of the key industry indicators for the north american oil industry.

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The aesc well service rig count was created with initial support from spears and associates and is now published by aesc.

Well service rig count.

Year jan feb mar apr may jun jul aug sep oct nov dec. All values are averaged over 5 days in order to accurately capture rig count trends. The caodc canadian association of oilwell drilling contractors rig count tallies all currently active rotary drilling rigs in western canada drilling for either oil or natural gas. Baker hughes rig counts are published by major newspapers and trade publications are referred to frequently by journalists economists security analysts and government officials and are included in many industry statistical reports.

The active rig count acts as a leading indicator of demand for products used in drilling completing producing and processing hydrocarbons.

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