Baker Hughes Announces October 2019 Rig Counts
07 November 2019 - 10:00PM
Business Wire
Baker Hughes (NYSE: BKR) announced today that the Baker Hughes
international rig count for October 2019 was 1,130, down 1 from the
1,131 counted in September 2019, and up 113 from the 1,017 counted
in October 2018. The international offshore rig count for October
2019 was 242, unchanged from September 2019, and up 35 from the 207
counted in October 2018.
The average U.S. rig count for October 2019 was 848, down 30
from the 878 counted in October 2019, and down 214 from the 1,062
counted in October 2018. The average Canadian rig count for October
2019 was 145, up 13 from the 132 counted in September 2019, and
down 47 from the 192 counted in October 2018.
The worldwide rig count for October 2019 was 2,123, down 18 from
the 2,141 counted in September 2019, and down 148 from the 2,271
counted in October 2018.
October 2019 Rig Counts
October
2019
September
2019
October
2018
Land
Offshore
Total
Month Variance
Land
Offshore
Total
Land
Offshore
Total
Latin America
159
30
189
0
158
31
189
168
25
193
Europe
133
42
175
-1
134
42
176
56
36
92
Africa
93
23
116
1
94
21
115
88
19
107
Middle East
368
56
424
-1
370
55
425
356
48
404
Asia Pacific
135
91
226
0
133
93
226
142
79
221
International
888
242
1,130
-1
889
242
1,131
810
207
1,017
United States
825
23
848
-30
852
26
878
1,041
21
1,062
Canada
143
2
145
13
131
1
132
190
2
192
North America
968
25
993
-17
983
27
1,010
1,231
23
1,254
Worldwide
1,856
267
2,123
-18
1,872
269
2,141
2,041
230
2,271
See note to editor at the bottom of this press release.
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 on
our website.
About Baker Hughes:
Baker Hughes (NYSE: BKR) is an energy technology company that
provides solutions to energy and industrial customers worldwide.
Built on a century of experience and with operations in over 120
countries, our innovative technologies and services are taking
energy forward – making it safer, cleaner and more efficient for
people and the planet. Visit us at bakerhughes.com
Note to editor: As of June 07, 2019, Ukraine was added to
the Baker Hughes International Rig Count report and is reflected in
the Europe count. This addition is not reflected in historical
data.
Source: Baker Hughes Company
View source
version on businesswire.com: https://www.businesswire.com/news/home/20191107005434/en/
Media Relations Melanie Kania, +1 713-439-8303
melanie.kania@bakerhughes.com
Investor Relations Jud Bailey +1 281-809-9088
investor.relations@bakerhughes.com
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