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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS Baker Hughes Total Rig Count held to 592 in February 2025
FMPMonthlyReleased March 2025
US Baker Hughes Total Rig Count held to 592 in February 2025, released March 2025.
Latest Release
592.000000
Actual
—
Consensus
592.000000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.50 | INDEX | Bullish Stocks | → View |
| EUR/USD | ▼ Inverse | −0.45 | FOREX | Bearish EUR | → View |
| USD/JPY | ▲ Direct | +0.40 | FOREX | Bullish USD | → View |
| XAU/USD | ▼ Inverse | −0.35 | COMMODITIES | Bearish Gold | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Baker Hughes Total Rig Count (United States) was reported at 592.00 in March 2025. The reading was unchanged from the previous release.
WHY IT MATTERS
The trailing three releases averaged 592.33, up from the prior three at 588.67.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish Stocks). A secondary relationship exists with EUR/USD, negatively correlated (Bearish EUR).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include NY Empire State Manufacturing Index (Jun 15) and Industrial Production MoM (Jun 15).
Auto-generated from current model state · Refreshes on each release · Last update March 2025.
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Baker Hughes Total Rig Count - US
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About Baker Hughes Total Rig Count — United States
DEFINITION
The Baker Hughes Total Rig Count is a widely-used financial indicator that measures the total number of active drilling rigs in the United States. This indicator is considered a key barometer of the health of the oil and gas industry, as it reflects the level of exploration and production activity in the country. Investors and analysts closely monitor the Baker Hughes Total Rig Count to assess the current state and future trends of the energy sector, making it a valuable tool for making informed investment decisions.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Mar 2025): actual 592. Prior reading (Mar 2025): 592. Before that (Feb 2025): 593.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary neutral force in the current projection. This indicator correlates most strongly with S&P 500 (Bullish Stocks, r=0.50) — a useful reference for index-focused traders.