Baker Hughes, a GE company BHGE, recently declared the rig count for December 2018. In the United States, the total number of rigs increased from the previous month, owing to a higher number of offshore rigs. This is the fourth consecutive increase in the U.S. monthly rig count.More on the Rig CountBaker Hughes’ data, issued at the end of every week since 1944, facilitates energy service providers gauge the overall business environment of the oil and gas industry.A change in the Houston-based oilfield services players’ rotary rig count affects demand for energy services like drilling, completion and production provided by companies like Halliburton Company HAL, Schlumberger Limited SLB, Diamond Offshore Drilling, Inc DO and Transocean Ltd. RIG.Analysis of the DataNorth America Rig CountTotal rig count in North America (the United States and Canada) for December 2018 was 1,219. The reported figure was lower than the November 2018 count of 1,275, but, higher than the year-ago level of 1,135.U.S. rig:Total number of rigs in the United States was 1,078. This was higher than 1,077 rigs in November and 930 in the year-ago period.Of the total U.S. rigs, land rigs were 1,054. This is lower than 1,055 rigs in the prior month, but, higher than 911 rigs in December 2017.The number of U.S. offshore rigs in December 2018 was 24. This was higher than 22 rigs in November 2018 as well as 19 rigs in December 2017.Canada rig: In Canada, the total rig count of 141 was lower than 198 in November 2018 and 205 in December 2017.International Rig CountTotal international rig count (offshore and land) for the month of December came in at 1,025. The count was up by 34 in November. It is also higher than the tally of 954 recorded in December 2017.Offshore rig: The offshore rig count for December 2018 was 234, higher than 206 in November and 191 in the prior-year comparable month.Land Rig: The land rig count was 791 compared with 785 in November 2018 and 763 in December 2017.ConclusionAfter plummeting below $45-a-barrel, the price of West Texas Intermediate (WTI) crude is approaching $55, hoping the ongoing Trade war between China and the United States will settle down and will in turn strengthen global commodity demand.Notably, the weak crude pricing scenario has not made any significant impact on the U.S. shale drillers as with the advancement of technologies, well costs have declined drastically. Since, breakeven oil price in the Permian play is lower than $30 a barrel — per Pioneer Natural Resources Company PXD — it will be a wise decision to keep a track on drillers operating in the prolific resource. Two such upstream stocks are Pioneer Natural Resources Company and Concho Resources Inc CXO. Both the firms carry a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. More Stock News: This Is Bigger than the iPhone!It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Schlumberger Limited (SLB): Free Stock Analysis Report Halliburton Company (HAL): Free Stock Analysis Report Transocean Ltd. (RIG): Free Stock Analysis Report Diamond Offshore Drilling, Inc. (DO): Free Stock Analysis Report Pioneer Natural Resources Company (PXD): Free Stock Analysis Report Concho Resources Inc. (CXO): Free Stock Analysis Report Baker Hughes, a GE company (BHGE): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research