Energy Workforce & Technology Council Member Companies are invited to participate in the monthly rig count report. The report covers well servicing rigs across North America and offers a key indicator of oil and gas production.
The rig count, first published by the Association of Energy Service Companies (AESC) in 1970, is compiled from data submitted by oil and gas production and servicing companies, and is followed closely by well servicing contractors, government agencies, financial institutions and market analysts.
The rig count report includes four status categories for rigs:
- Active — Crewed and worked every day during the month.
- Available — A rig that has a crew and is ready to work but is not working.
- Idle — A rig that’s available for work in less than 48 hours, does not require spending of more than $50,000 to activate, and does not have a crew currently assigned.
- Stacked — A rig that does not have a crew assigned and could not be put to work without repairs and additional equipment costing more than $50,000.
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