August 7, 2019 - 6:00 AM EDT
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Baker Hughes, a GE company Announces July 2019 Rig Counts

HOUSTON & LONDON

Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for July 2019 was 1,162, up 24 from the 1,138 counted in June 2019, and up 165 from the 997 counted in July 2018. The international offshore rig count for July 2019 was 255, up 9 from the 246 counted in June 2019, and up 38 from the 217 counted in July 2018.

The average U.S. rig count for July 2019 was 955, down 14 from the 969 counted in June 2019, and down 95 from the 1,050 counted in July 2018. The average Canadian rig count for July 2019 was 121, up 7 from the 114 counted in June 2019, and down 83 from the 204 counted in July 2018.

The worldwide rig count for July 2019 was 2,238, up 17 from the 2,221 counted in June 2019, and down 13 from the 2,251 counted in July 2018.

July 2019 Rig Counts

July 2019 June 2019 July 2018

Land

Offshore

Total

 

Month
Variance

Land

Offshore

Total

 

Land

Offshore

Total

 
Latin America

168

33

201

12

162

27

189

161

29

190

Europe

148

52

200

7

144

49

193

48

32

80

Africa

92

19

111

-5

95

21

116

79

19

98

Middle East

367

57

424

11

359

54

413

354

46

400

Asia Pacific

132

94

226

-1

132

95

227

138

91

229

International

907

255

1,162

24

892

246

1,138

780

217

997

 
United States

930

25

955

-14

945

24

969

1,032

18

1,050

Canada

118

3

121

7

111

3

114

201

3

204

North America

1,048

28

1,076

-7

1,056

27

1,083

1,233

21

1,254

 
Worldwide

1,955

283

2,238

17

1,948

273

2,221

2,013

238

2,251

 

See note to editor at the bottom of this press release.

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.

Note to editor: As of June 07, 2019, Ukraine was added to the Baker Hughes International Rig Count report and is reflected in the Europe count. This addition is not reflected in historical data.

Media Relations:
Melanie Kania, +1 713-439-8303
[email protected]

or

Investor Relations:
+1 281-809-9088
[email protected]


Source: Business Wire (August 7, 2019 - 6:00 AM EDT)

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