Press

Baker Hughes, a GE company Announces October 2018 Rig Counts


HOUSTON & LONDON--(BUSINESS WIRE)--Nov. 7, 2018-- Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for October 2018 was 1,017, up 13 from the 1,004 counted in September 2018, and up 66 from the 951 counted in October 2017. The international offshore rig count for October 2018 was 207, up 3 from the 204 counted in September 2018, and up 3 from the 204 counted in October 2017.

The average U.S. rig count for October 2018 was 1,062, up 9 from the 1,053 counted in September 2018, and up 140 from the 922 counted in October 2017. The average Canadian rig count for October 2018 was 192, down 9 from the 201 counted in September 2018, and down 12 from the 204 counted in October 2017.

The worldwide rig count for October 2018 was 2,271, up 13 from the 2,258 counted in September 2018, and up 194 from the 2,077 counted in October 2017.

October 2018 Rig Counts

                 
    October2018       September2018   October2017
    Land  Offshore  Total   

Month
Variance

   Land  Offshore  Total   Land  Offshore  Total
                                   
Latin America   168  25  193   1   167  25  192   151  26  177
Europe   56  36  92   6   56  30  86   61  30  91
Africa   88  19  107   -2   90  19  109   71  14  85
Middle East   356  48  404   9   347  48  395   340  45  385
Asia Pacific   142  79  221   -1   140  82  222   124  89  213
International   810  207  1,017   13   800  204  1,004   747  204  951
                                   
United States   1,041  21  1,062   9   1,033  20  1,053   901  21  922
Canada   190  2  192   -9   199  2  201   202  2  204
North America   1,231  23  1,254       1,232  22  1,254   1,103  23  1,126
                                   
Worldwide   2,041  230  2,271   13   2,032  226  2,258   1,850  227  2,077
                 



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