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Baker Hughes, a GE Company Announces April 2018 Rig Counts

May 7, 2018

HOUSTON & LONDON--(BUSINESS WIRE)--May 7, 2018-- Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for April 2018 was 978, up 6 from the 972 counted in March 2018, and up 22 from the 956 counted in April 2017. The international offshore rig count for April 2018 was 194 up 6 from the 185 counted in March 2018, and down 7 from the 201 counted in April 2017.

The average U.S. rig count for April 2018 was 1,011, up 22 from the 989 counted in March 2018, and up 158 from the 853 counted in April 2017. The average Canadian rig count for April 2018 was 98, down 120 from the 218 counted in March 2018, and down 10 from the 108 counted in April 2017.

The worldwide rig count for April 2018 was 2,087, down 92 from the 2,279 counted in March 2018, and up 170 from the 1,917 counted in April 2017.

 

April 2018 Rig Counts

 
         

April 2018

       

March 2018

   

April 2017

            Land     Offshore     Total     Month Variance     Land     Offshore     Total     Land     Offshore     Total
                       
Latin America 163 26 189 -4 167 26 193 150 32 182
Europe 54 34 88 -1 56 33 89 60 31 91
Africa 79 15 94 5 78 11 89 76 13 89
Middle East 355 43 398 1 353 44 397 344 45 389
Asia Pacific 133     76     209 5 133     71     204 125     80     205
International 784 194 978 6 787 185 972 755 201 956
 
United States 995 16 1,011 22 976 13 989 833 20 853
Canada 95     3     98 -120 215     3     218 108     0     108
North America 1,090 19 1,109 -98 1,191 16 1,207 941 20 961
                                           
Worldwide 1,874     213     2,087 -92 1,978     201     2,179 1,696     221     1,917
 

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.

Source: Baker Hughes, a GE company (BHGE)

Baker Hughes, a GE company
Media Relations:
Stephanie Cathcart, +1 202-549-6462
stephanie.cathcart@bhge.com
or
Melanie Kania, +1 713-439-8303
melanie.kania@bhge.com
or
Investor Relations:
Philipp Mueller, +1 281-809-9088
investor.relations@bhge.com

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