Private Superforecasting Workshop asks:
What will be the oil and gas rig count for the Permian Basin in the first week of October 2022, according to Baker Hughes?
Record-high oil and gasoline prices have put a renewed focus on oil and gas production in the US, particularly in the Permian Basin (Politico, Dallas Fed - Permian Basin). The Baker Hughes North American Rotary Rig Count "is a weekly census of the number of drilling rigs actively exploring for or developing oil or natural gas in the United States and Canada" (Baker Hughes - Rig Count FAQs). The outcome will be determined using data for the "Permian" first released in October 2022 (Baker Hughes - Rig Count). To download the data, click "North American Rotary Rig Count (Jan 2000 - Current)" to download the spreadsheet. Navigate to the sheet named "US Count by Basin," find the "Permian" columns, and sum the figures under "Oil" and "Gas." The first October data are expected on 7 October 2022. Figures marked "Misc" are immaterial.
The question closed "Between 326 and 375" with a closing date of 7 October 2022.