Crude Oil ( ) Brent Crude ( ) Natural Gas ( ) S&P 500 ( ) PHLX Oil ( )
 December 7, 2015 - 6:00 AM EST
Print Email Article Font Down Font Up
Baker Hughes Announces November 2015 Rig Counts

HOUSTON, Dec. 7, 2015 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for November 2015 was 1,109, down 2 from the 1,111 counted in October 2015, and down 215 from the 1,324 counted in November 2014. The international offshore rig count for November 2015 was 259, down 11 from the 270 counted in October 2015, and down 82 from the 341 counted in November 2014.

The average U.S. rig count for November 2015 was 760, down 31 from the 791 counted in October 2015, and down 1,165 from the 1,925 counted in November 2014. The average Canadian rig count for November 2015 was 178, down 6 from the 184 counted in October 2015, and down 243 from the 421 counted in November 2014.

The worldwide rig count for November 2015 was 2,047, down 39 from the 2,086 counted in October 2015, and down 1,623 from the 3,670 counted in November 2014.

November 2015 Rotary Rig Counts



November 2015




October 2015



November 2014




Land

Offshore

Total


Month

Variance


Land

Offshore

Total



Land

Offshore

Total



















Latin America


232

52

284


-10


239

55

294



292

83

375


Europe


71

37

108


0


65

43

108



97

52

149


Africa


64

26

90


-3


64

29

93



94

48

142


Middle East


360

59

419


16


349

54

403



358

45

403


Asia Pacific


123

85

208


-5


124

89

213



142

113

255


International


850

259

1,109


-2


841

270

1,111



983

341

1,324



















United States


729

31

760


-31


758

33

791



1,872

53

1,925


Canada


178

0

178


-6


183

1

184



420

1

421


North America


907

31

938


-37


941

34

975



2,292

54

2,346



















Worldwide


1,757

290

2,047


-39


1,782

304

2,086



3,275

395

3,670



















About the Baker Hughes Rig Counts

The Baker Hughes Rotary 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. Baker Hughes has issued the rotary 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. Baker Hughes initiated the monthly international rig count 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.

Baker Hughes is a leading supplier of oilfield services, products, technology and systems to the worldwide oil and natural gas industry. The company's 46,000 employees today work in more than 80 countries helping customers find, evaluate, drill, produce, transport and process hydrocarbon resources. For more information about Baker Hughes, visit: www.bakerhughes.com.

CONTACTS:
Media Relations: Melanie Kania, + 1.713.439.8303, melanie.kania@bakerhughes.com 
Investor Relations: Alondra Oteyza, +1.713.439.8822, alondra.oteyza@bakerhughes.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/baker-hughes-announces-november-2015-rig-counts-300188565.html

SOURCE Baker Hughes Incorporated


Source: PR Newswire (December 7, 2015 - 6:00 AM EST)

News by QuoteMedia
www.quotemedia.com