Press

Baker Hughes, a GE Company Announces August 2018 Rig Counts


HOUSTON & LONDON--(BUSINESS WIRE)--Sep. 10, 2018-- Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for August 2018 was 1,008, up 11 from the 997 counted in July 2018, and up 56 from the 952 counted in August 2017. The international offshore rig count for August 2018 was 212, down 5 from the 217 counted in July 2018, and up 11 from the 201 counted in August 2017.

The average U.S. rig count for August 2018 was unchanged at 1,050 counted in July 2018, and up 103 from the 947 counted in August 2017. The average Canadian rig count for August 2018 was 220, up 16 from the 204 counted in July 2018, and up 3 from the 217 counted in August 2017.

The worldwide rig count for August 2018 was 2,278, up 27 from the 2,251 counted in July 2018, and up 162 from the 2,116 counted in August 2017.

August 2018 Rig Counts

                   
      August2018       July2018   August2017
      Land  Offshore  Total   

Month
Variance

   Land  Offshore  Total   Land  Offshore  Total
                                     
Latin America     168  24  192   2   161  29  190   160  31  191
Europe     53  32  85   5   48  32  80   53  38  91
Africa     87  17  104   6   79  19  98   72  12  84
Middle East     351  51  402   2   354  46  400   340  51  391
Asia Pacific     137  88  225   -4   138  91  229   126  69  195
International     796  212  1,008   11   780  217  997   751  201  952
                                     
United States     1,031  19  1,050   0   1,032  18  1,050   930  17  947
Canada     219  1  220   16   201  3  204   215  2  217
North America     1,250  20  1,270   16   1,233  21  1,254   1,145  19  1,164
                                     
Worldwide     2,046  232  2,278   27   2,013  238  2,251   1,896  220  2,116
                                     


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