Current BHGE Stock Info

Baker Hughes (stock ticker: BHGE) released its monthly international rig count today, revealing an increase of 64 compared to April, bringing the total number of rigs to 1,126. The number of offshore rigs, however, fell 11 compared to last month, totaling 240.

All regions experienced a net decrease in rigs compared to last month except for Europe, which increased 88 rigs. This is primarily due to the fact that as of today, Ukrainian rigs will now be included in Baker Hughes monthly count.

Ukraine represented 84 of the 186 active drilling rigs in Europe this month—45%. This addition is not reflected in historical data.

Compared to this time last year, the total rig count is up 159 from the 967 rigs active in May of 2018.

 

May 2019 April 2019 May 2018
Land Offshore Total Month
Variance
Land Offshore Total Land Offshore Total
Latin America 149 30 179 -11 158 32 190 150 24 174
Europe 142 44 186 88 57 41 98 52 28 80
Africa 101 22 123 -3 103 23 126 77 17 94
Middle East 356 54 410 -2 356 56 412 353 48 401
Asia Pacific 138 90 228 -8 137 99 236 137 81 218
International 886 240 1,126 64 811 251 1,062 769 198 967

 

 


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