Baker Hughes released their worldwide rig count report July 9, 2013, revealing the world rig count during June 2013 was down 5.9% to 3,277 rigs from a June 2012 levels of 3,484.

Additionally, U.S. rig count during June 2013 dropped by 10.7% from June 2012 levels.

Despite both U.S. and world rig count levels dropping, the foreign rig count (international rig count that excludes the U.S. and Canadian rig count) increased 3.7% during the same time frame.

071013Baker_Intl

Rigs drilling for oil internationally (excluding the U.S. and Canada) increased 2% while rigs drilling for natural gas increased 22%. Gas rig counts in the U.S. have seen a contradictory turn with oil rigs surpassing natural gas rig count by approximately 1,000. This trend has been on the rise since March 2011when oil and gas rigs were equivalent.

Notable Moves:

  • India, Mexico and Iraq top rig counts, respectively.
  • India’s total rig count increased by 6.79%:  106 oil rigs and 12 gas
  • Mexico’s rig count fell by 14.14%: oil rig count fell from 100 to 85, gas rig count only fell by one from 12 to 11 in 2013.
  • Iraq’s count up 11.24%: oil rig count increase from 78 to 89.071013Baker_RigCount

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