Press

Baker Hughes, a GE company Announces July 2018 Rig Counts


HOUSTON & LONDON--(BUSINESS WIRE)--Aug. 7, 2018-- Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for July 2018was 997, up 38 from the 959 counted in June 2018, and up 38 from the 959 counted in July 2017. The international offshore rig count for July 2018 was 217, up 22 from the 195 counted in June 2018, and up 13 from the 204 counted in July 2017.

The average U.S. rig count for July 2018 was 1,050, down 6 from the 1,056 counted in June 2018, and up 97 from the 953 counted in July 2017. The average Canadian rig count for July 2018 was 204, up 67 from the 137 counted in June 2018, and up 6 from the 198 counted in July 2017.

The worldwide rig count for July 2018 was 2,251, up 99 from the 2,152 counted in June 2018, and up 141 from the 2,110 counted in July 2017.

 

July 2018 Rig Counts

 
 
      

 

  

July 2018

  

 

  

June 2018

  

 

  

July 2017

                      
      Land  Offshore  Total  Month Variance  Land  Offshore  Total  Land  Offshore  Total
                                  
Latin America     161  29  190  10  154  26  180  159  37  196
Europe     48  32  80  2  48  30  78  50  32  82
Africa     79  19  98  4  76  18  94  75  14  89
Middle East     354  46  400  8  350  42  392  352  45  397
Asia Pacific     138  91  229  14  136  79  215  119  76  195
International     780  217  997  38  764  195  959  755  204  959
                                  
United States     1,032  18  1,050  -6  1,037  19  1,056  931  22  953
Canada     201  3  204  67  134  3  137  197  1  198
North America     1,233  21  1,254  61  1,171  22  1,193  1,128  23  1,151
                                  
Worldwide     2,013  238  2,251  99  1,935  217  2,152  1,883  227  2,110
 
 

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.



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