June 7, 2018 - 6:00 AM EDT
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Baker Hughes, a GE Company Announces May 2018 Rig Counts

HOUSTON & LONDON

Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for May 2018 was 967, down 11 from the 978 counted in April 2018, and up 10 from the 957 counted in May 2017. The international offshore rig count for May 2018 was 198, up 4 from the 194 counted in April 2018, and down 4 from the 202 counted in May 2017.

The average U.S. rig count for May 2018 was 1,046, up 35 from the 1,011 counted in April 2018, and up 153 from the 893 counted in May 2017. The average Canadian rig count for May 2018 was 83, down 15 from the 98 counted in April 2018, and down 2 from the 85 counted in May 2017.

The worldwide rig count for May 2018 was 2,096, up 9 from the 2,087 counted in April 2018, and up 161 from the 1,935 counted in May 2017.

May 2018 Rig Counts

                                                       
     

 

 

May 2018

         

 

 

April 2018

     

 

 

May 2017

        Land   Offshore   Total      

Month
Variance

    Land   Offshore   Total       Land   Offshore   Total
     
Latin America 150 24 174 -15 163 26 189 155 35 190
Europe 52 28 80 -8 54 34 88 60 35 95
Africa 77 17 94 0 79 15 94 69 15 84
Middle East 353 48 401 3 355 43 398 350 41 391
Asia Pacific 137   81   218 9 133   76   209 121   76   197
International 769 198 967 -11 784 194 978 755 202 957
 
United States 1,026 20 1,046 35 995 16 1,011 871 22 893
Canada 80   3   83 -15 95   3   98 83   2   85
North America 1,106 23 1,129 20 1,090 19 1,109 954 24 978
                               
Worldwide 1,875   221   2,096 9 1,874   213   2,087 1,709   226   1,935
                                                       

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:
Stephanie Cathcart, +1 202-549-6462
[email protected]
or
Melanie Kania, +1 713-439-8303
[email protected]
or
Investor Relations:
Philipp Mueller, +1 281-809-9088
[email protected]


Source: Business Wire (June 7, 2018 - 6:00 AM EDT)

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