Description
Baker Hughes US Rig Count / Rig Forecast Process
This presentation focuses on how Baker Hughes tracks US rig information and combines with other information to forecast operator activity. Through the rig counts, operator activity is translated into product line needs to plan supply chain & headcount requirements.
Baker Hughes has issued the rotary rig counts as a service to the petroleum industry since 1944, when Hughes Tool Company began weekly counts of U.S. and Canadian drilling activity. Hughes initiated the monthly international rig count in 1975.
The Baker Hughes Rig Counts are an important business barometer for the drilling industry and its suppliers. When drilling rigs are active they consume products and services produced by the oil service industry. The active rig count acts as a leading indicator of demand for products used in drilling, completing, producing and processing hydrocarbons.