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The Baker-Hughes Rig Count is the industry-accepted metric used to gauge the status of production activities for U.S., Canadian, and international oil and gas producers.
Since many rigs drill for both oil and natural gas, the rig count is a useful resource when considering supply and production of natural gas.
The rig counts for the U.S. and Canada are released weekly at 12:00pm CST on the last day of the work week. The international rig count is released on the fifth working day of each month.