July 9, 2018 - 6:00 AM EDT
Print Email Article Font Down Font Up Charts

Baker Hughes, a GE company Announces June 2018 Rig Counts

HOUSTON & LONDON

Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for June 2018 was 959, down 8 from the 967 counted in May 2018, and down 1 from the 960 counted in June 2017. The international offshore rig count for June 2018 was 195, down 3 from the 198 counted in May 2018, and down 2 from the 197 counted in June 2017.

The average U.S. rig count for June 2018 was 1,056, up 10 from the 1,046 counted in May 2018, and up 125 from the 931 counted in June 2017. The average Canadian rig count for June 2018 was 137, up 54 from the 83 counted in May 2018, and down 13 from the 150 counted in June 2017.

The worldwide rig count for June 2018 was 2,152, up 56 from the 2,096 counted in May 2018, and up 111 from the 2,041 counted in June 2017.

 

June 2018 Rig Counts

   
       

June 2018

     

May 2018

     

June 2017

 
          Land     Offshore     Total    

Month

Variance

      Land     Offshore     Total     Land     Offshore     Total  
                           
Latin America 154 26 180 6 150 24 174 158 34 192
Europe 48 30 78 -2 52 28 80 59 32 91
Africa 76 18 94 0 77 17 94 72 14 86
Middle East 350 42 392 -9 353 48 401 355 42 397
Asia Pacific 136     79     215   -3   137     81     218   119     75     194  
International 764 195 959 -8 769 198 967 763 197 960
 
United States 1,037 19 1,056 10 1,026 20 1,046 909 22 931
Canada 134     3     137   54   80     3     83   148     2     150  
North America 1,171 22 1,193 64 1,106 23 1,129 1,057 24 1,081
                                               
Worldwide 1,935     217     2,152   56   1,875     221     2,096   1,820     221     2,041  
   

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.

Baker Hughes, a GE company
Media Relations:
Melanie Kania, +1 713-439-8303
[email protected]
or
Yulia Caris, +44 7827-354-283
[email protected]
or
Investor Relations:
Philipp Mueller, +1 281-809-9088
[email protected]


Source: Business Wire (July 9, 2018 - 6:00 AM EDT)

News by QuoteMedia
www.quotemedia.com

Legal Notice