The number of drilling rigs actively operating in a region. Published weekly by Baker Hughes, the rig count is a leading indicator of activity levels in the oil and gas industry.
Rig Count
Related Terms
Instrumentation
IndustryThe installation, calibration, and maintenance of measurement and control devices such as gauges, transmitters, and sensors. Subcontractors are often scoped specifically for instrumentation work, requiring certified trades and precise documentation. It is a common standalone discipline on large oil and gas and industrial construction projects.
Exploration Well
IndustryA well drilled in an unproven or lightly tested area to determine whether hydrocarbons are present, often representing shorter-term, high-mobilisation contracts for subcontractors with less predictable follow-on work than development drilling programmes.
Behind-The-Meter
IndustryRefers to power generation or energy systems located on a client's side of the utility connection point. For subcontractors, this often means working on site-owned generators, solar arrays, or battery storage on industrial or remote worksites. Scopes here fall outside utility jurisdiction, affecting permitting and inspection requirements.
Instrument Air Systems
IndustryCompressed air networks that power pneumatic valves, controls, and instrumentation on oil and gas and industrial sites. Subcontractors must ensure supplied air meets strict dryness and purity standards before connecting equipment. Contaminated or wet instrument air can damage sensitive controls and trigger costly shutdowns.
Spud Date
IndustryThe date when drilling begins on a new well. Marks the start of drilling operations.
Modular Water Storage
IndustryPortable, stackable tank systems used on remote job sites to store potable, process, or wastewater. Subcontractors deploy them quickly without permanent infrastructure. Common on pipeline, camp, and frac support contracts.
Latest Industry News
US Rig Count Holds at 603 as Oil Rigs Slip by Three
The Baker Hughes US rig count was flat at 603 as oil rigs fell by three and gas rigs rose by one. Oklahoma dipped to 50 rigs but remains above year-ago levels.
17 days agoIndustryUS Rig Count Rises 5 to 603 as Texas Adds 3, Oklahoma Slips
The Baker Hughes rig count climbed to 603 as oil rigs rose by six. Texas, New Mexico and Louisiana added rigs, while Oklahoma dipped by one and North Dakota held flat.
25 days agoIndustryU.S. Rig Count Up Four to 599; Gas Rigs Climb to Highest Level Since July 2023
Baker Hughes reports the US oil and gas rig count rose to 599 for a third straight weekly gain, with gas rigs at their highest since 2023 as EIA forecasts rising output into 2026.
1 month agoIndustryUS Rig Count Climbs to 593 as Oklahoma Adds Rig
Baker Hughes data shows the U.S. rig count rose to 593 last week while Oklahoma gained one rig to reach 51, pointing to steady near-term work for drilling and completions crews.
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