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Baker Hughes, a GE Company Announces July 2017 Rig Counts

Aug 7, 2017

HOUSTON & LONDON--(BUSINESS WIRE)--Aug. 7, 2017-- Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for July 2017 was 959, down 1 from the 960 counted in June 2017, and up 21 from the 938 counted in July 2016. The international offshore rig count for July 2017 was 204, up 7 from the 197 counted in June 2017, and down 22 from the 226 counted in July 2016.

The average US rig count for July 2017 was 953, up 22 from the 931 counted in June 2017, and up 504 from the 449 counted in July 2016. The average Canadian rig count for July 2017 was 198, up 48 from the 150 counted in June 2017, and up 104 from the 94 counted in July 2016.

The worldwide rig count for July 2017 was 2,110, up 69 from the 2,041 counted in June 2017, and up 629 from the 1,481 counted in July 2016.

July 2017 Rig Counts

 
  July2017     June2017   July2016

Month

    Land   Offshore   Total  

Variance

  Land   Offshore   Total   Land   Offshore   Total
           
Latin America 159 37 196 4 158 34 192 153 33 186
Europe 50 32 82 -9 59 32 91 52 42 94
Africa 75 14 89 3 72 14 86 70 12 82
Middle East 352 45 397 0 355 42 397 339 51 390
Asia Pacific 119   76   195 1 119   75   194 98   88   186
International 755 204 959 -1 763 197 960 712 226 938
 
United States 931 22 953 22 909 22 931 429 20 449
Canada 197   1   198 48 148   2   150 92   2   94
North America 1,128 23 1,151 70 1,057 24 1,081 521 22 543
                               
Worldwide 1,883   227   2,110 69 1,820   221   2,041 1,233   248   1,481
 

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 (BHGE)
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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