Snapshot for Baker Hughes United States Crude Oil Rotary Rig Count Data (BAKEOIL)

Rate Profile Information for BAKEOIL

A rotary rig rotates the drill pipe from surface to drill a new well (or sidetracking an existing one) to explore for, develop and produce oil or natural gas. The Baker Hughes Rotary Rig count includes only those rigs that are significant consumers of oilfield services and supplies and does not include cable tool rigs, very small truck mounted rigs or rigs that can operate without a permit. Non-rotary rigs may be included in the count based on how they are employed. For example, coiled tubing and workover rigs employed in drilling new wells are included in the count. To be counted as active a rig must be on location and be drilling or 'turning to the right'. A rig is considered active from the moment the well is 'spudded' until it reaches target depth or 'TD'. Rigs that are in transit from one location to another, rigging up or being used in non-drilling activities such as workovers, completions or production testing, are NOT counted as active.Miscellaneous rig counts represent geothermal rigs.