Baker Hughes Incorporated (NYSE:BHI) announced today that the
international rig count for October 2016 was 920, down 14 from the 934
counted in September 2016, and down 191 from the 1,111 counted in
October 2015. The international offshore rig count for October 2016 was
200, down 21 from the 221 counted in September 2016, and down 70 from
the 270 counted in October 2015.
The average U.S. rig count for October 2016 was 544, up 35 from the 509
counted in September 2016, and down 247 from the 791 counted in October
2015. The average Canadian rig count for October 2016 was 156, up 15
from the 141 counted in September 2016, and down 28 from the 184 counted
in October 2015.
The worldwide rig count for October 2016 was 1,620, up 36 from the 1,584
counted in September 2016, and down 466 from the 2,086 counted in
October 2015.
October 2016 Rotary Rig Counts
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October 2016
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September 2016
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October 2015
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Land
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Offshore
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Total
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Month
Variance
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Land
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Offshore
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Total
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Land
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Offshore
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Total
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Latin America
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153
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30
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183
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-6
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151
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38
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189
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239
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55
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294
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Europe
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63
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24
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87
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-5
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56
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36
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92
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65
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43
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108
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Africa
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67
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10
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77
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0
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68
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9
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77
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64
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29
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93
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Middle East
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339
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52
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391
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5
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336
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50
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386
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349
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54
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403
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Asia Pacific
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98
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84
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182
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-8
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102
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88
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190
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124
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89
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213
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International
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720
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200
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920
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-14
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713
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221
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934
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841
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270
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1,111
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United States
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521
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23
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544
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35
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491
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18
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509
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758
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33
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791
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Canada
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154
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2
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156
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15
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140
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1
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141
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183
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1
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184
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North America
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675
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25
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700
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50
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631
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19
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650
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941
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34
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975
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Worldwide
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1,395
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225
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1,620
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36
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1,344
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240
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1,584
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1,782
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304
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2,086
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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 34,000 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161107005467/en/
Copyright Business Wire 2016
Source: Business Wire
(November 7, 2016 - 6:00 AM EST)
News by QuoteMedia
www.quotemedia.com
