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Baker Hughes, a GE company Announces June 2018 Rig Counts


HOUSTON & LONDON--(BUSINESS WIRE)--Jul. 9, 2018-- Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for June 2018 was 959, down 8 from the 967 counted in May 2018, and down 1 from the 960 counted in June 2017. The international offshore rig count for June 2018 was 195, down 3 from the 198 counted in May 2018, and down 2 from the 197 counted in June 2017.

The average U.S. rig count for June 2018 was 1,056, up 10 from the 1,046 counted in May 2018, and up 125 from the 931 counted in June 2017. The average Canadian rig count for June 2018 was 137, up 54 from the 83 counted in May 2018, and down 13 from the 150 counted in June 2017.

The worldwide rig count for June 2018 was 2,152, up 56 from the 2,096 counted in May 2018, and up 111 from the 2,041 counted in June 2017.

  

June 2018 Rig Counts

 
  
     

June 2018

   

May 2018

   

June 2017

 
               
     Land  Offshore  Total   

Month

Variance

   Land  Offshore  Total   Land  Offshore  Total 
                                     
Latin America    154  26  180   6   150  24  174   158  34  192 
Europe    48  30  78   -2   52  28  80   59  32  91 
Africa    76  18  94   0   77  17  94   72  14  86 
Middle East    350  42  392   -9   353  48  401   355  42  397 
Asia Pacific    136  79  215   -3   137  81  218   119  75  194 
International    764  195  959   -8   769  198  967   763  197  960 
                                     
United States    1,037  19  1,056   10   1,026  20  1,046   909  22  931 
Canada    134  3  137   54   80  3  83   148  2  150 
North America    1,171  22  1,193   64   1,106  23  1,129   1,057  24  1,081 
                                     
Worldwide    1,935  217  2,152   56   1,875  221  2,096   1,820  221  2,041 
  

About the Baker Hughes Rig Counts

The Baker Hughes rig counts are counts of the number of drilling rigs actively exploring for or developing oil or natural gas in the U.S., Canada and international markets. The company has issued the rig counts as a service to the petroleum industry since 1944, when Hughes Tool Company began weekly counts of the U.S. and Canadian drilling activity. The monthly international rig count was initiated in 1975.

The North American rig count is scheduled to be released at noon Central Time on the last working day of each week. The international rig count is scheduled to be released on the fifth working day of the month at 5:00 a.m. Central Time. Additional detailed information on the Baker Hughes rig counts is available from our website.

About Baker Hughes, a GE company

Baker Hughes, a GE company (NYSE: BHGE) is the world's first and only fullstream provider of integrated oilfield products, services and digital solutions. We deploy minds and machines to enhance customer productivity, safety and environmental stewardship, while minimizing costs and risks at every step of the energy value chain. With operations in over 120 countries, we infuse over a century of experience with the spirit of a startup – inventing smarter ways to bring energy to the world.


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