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Baker Hughes, a GE Company Announces August 2017 Rig Counts

Sep 8, 2017

HOUSTON & LONDON--(BUSINESS WIRE)--Sep. 8, 2017-- Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for August 2017 was 952, down 7 from the 959 counted in July 2017, and up 15 from the 937 counted in August 2016. The international offshore rig count for August 2017 was 201, down 3 from the 204 counted in July 2017, and down 27 from the 228 counted in August 2016.

The average U.S. rig count for August 2017 was 947, down 6 from the 953 counted in July 2017, and up 466 from the 481 counted in August 2016. The average Canadian rig count for August 2017 was 217, up 19 from the 198 counted in July 2017, and up 88 from the 129 counted in August 2016.

The worldwide rig count for August 2017 was 2,116, up 6 from the 2,110 counted in July 2017, and up 569 from the 1,547 counted in August 2016.

August 2017 Rig Counts

 
 

August 2017

    July2017   August2016

Month

    Land   Offshore   Total  

Variance

  Land   Offshore   Total   Land   Offshore   Total
           
Latin America 160 31 191 -5 159 37 196 150 37 187
Europe 53 38 91 9 50 32 82 58 38 96
Africa 72 12 84 -5 75 14 89 70 11 81
Middle East 340 51 391 -6 352 45 397 329 50 379
Asia Pacific 126   69   195 0 119   76   195 102   92   194
International 751 201 952 -7 755 204 959 709 228 937
 
United States 930 17 947 -6 931 22 953 464 17 481
Canada 215   2   217 19 197   1   198 128   1   129
North America 1,145 19 1,164 13 1,128 23 1,151 592 18 610
                               
Worldwide 1,896   220   2,116 6 1,883   227   2,110 1,301   246   1,547
 

As part of our standard procedure, the U.S. rig count data was closed on the fourth Friday of the month, August 25, therefore it was not impacted by Hurricane Harvey.

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

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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