Economic Calendar > Calendar Details
The United StatesAs of the week ending August 1stTotal number of oil drilling rigs
| Latest Release | Actual Value | Forecast Value | Previous Value | Next Release Time | Release Frequency | Importance |
|---|---|---|---|---|---|---|
| 2025-08-02 | 410units | units | 415units | 2025-08-09 01:00 | Weekly |
|
Historical Data
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Definition
The number of U.S. oil rotary drilling rigs released weekly by Baker Hughes. Rotary rigs rotate drill pipes from the surface to drill new wells (or sidetrack existing wells) for the exploration, development, and production of oil or natural gas; only includes rigs that have a significant impact on oilfield services and supplies, excluding cable tool rigs, small truck-mounted rigs, or rigs that can be operated without a permit. Non-rotary rigs are also counted according to usage. For example, coi
Impact on Market
Why It Matters
The larger the number of drilling rigs (active rigs), the greater the potential supply of oil, which theoretically puts downward pressure on crude oil prices. FX678 and 1QH remind: According to the parameters of international authoritative media, the correlation of this indicator is 29%.
Released By
American oilfield services company Baker Hughes
