Baker Hughes, a GE company Announces August 2018 Rig Counts
10 September 2018 - 8:00PM
Business Wire
Baker Hughes, a GE company (NYSE:BHGE) announced today that the
Baker Hughes international rig count for August 2018 was 1,008, up
11 from the 997 counted in July 2018, and up 56 from the 952
counted in August 2017. The international offshore rig count for
August 2018 was 212, down 5 from the 217 counted in July 2018, and
up 11 from the 201 counted in August 2017.
The average U.S. rig count for August 2018 was unchanged at
1,050 counted in July 2018, and up 103 from the 947 counted in
August 2017. The average Canadian rig count for August 2018 was
220, up 16 from the 204 counted in July 2018, and up 3 from the 217
counted in August 2017.
The worldwide rig count for August 2018 was 2,278, up 27 from
the 2,251 counted in July 2018, and up 162 from the 2,116 counted
in August 2017.
August 2018 Rig Counts
August 2018
July 2018
August 2017
Land Offshore
Total
MonthVariance
Land Offshore
Total Land
Offshore Total
Latin America 168 24 192 2 161 29 190 160 31 191 Europe 53
32 85 5 48 32 80 53 38 91 Africa 87 17 104 6 79 19 98 72 12 84
Middle East 351 51 402 2 354 46 400 340 51 391 Asia Pacific 137
88 225 -4 138 91
229 126 69 195
International 796 212 1,008 11
780 217 997 751 201 952
United States 1,031 19 1,050 0 1,032 18 1,050 930 17 947
Canada 219 1 220 16 201 3
204 215 2 217
North
America 1,250 20 1,270 16
1,233 21 1,254 1,145 19
1,164
Worldwide
2,046 232 2,278
27 2,013 238
2,251 1,896 220
2,116
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20180910005082/en/
Baker Hughes, a GE companyMedia Relations:Melanie Kania, +1
713-439-8303melanie.kania@bhge.comorYulia Caris, +44
7827-35-4283yulia.caris@bhge.comorInvestor Relations:Philipp
Mueller, +1 281-809-9088investor.relations@bhge.com
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