Legend
- High Impact Expected
- Med Impact Expected
- Low Impact Expected
- Non-Economic
Revision
- Green NumberBetter than forecast -or- revised better
- Red NumberWorse than forecast -or- revised worse
- m/mMonth Over Month
- q/qQuarter Over Quarter
- y/yYear Over Year
- K Thousand
- M Million
- B Billion
- T Trillion
US Baker Hughes Oil Rig Count
It's a leading indicator of production changes - spending in exploration and development increases when oil prices are expected to rise;
Energy prices are driven by supply and demand in the market. Drilling activity influences future supply and can impact prices as production responds to changes in demand and price expectations.
- US Baker Hughes Oil Rig Count Graph
- History
| Expected Impact / Date | Actual | Forecast | Previous |
|---|---|---|---|
| Jun 12, 2026 | 433 | 435 | 431 |
| Jun 5, 2026 | 431 | 432 | 429 |
| May 29, 2026 | 429 | 430 | 425 |
| May 22, 2026 | 425 | 416 | 415 |
| May 15, 2026 | 415 | 411 | 410 |
| May 8, 2026 | 410 | 409 | 408 |
| May 1, 2026 | 408 | 410 | 407 |
| Apr 24, 2026 | 407 | 413 | 410 |
- Details
Specs
Source:
Measures:
The number of drilling rigs actively exploring or developing oil in the US;
Usual Effect:
No consistent effect - there are both risk and growth implications;
Frequency:
Released weekly;
Event Type:
Misc