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Baker Hughes, a GE Company Announces September 2017 Rig Counts

Oct 6, 2017

HOUSTON & LONDON--(BUSINESS WIRE)--Oct. 6, 2017-- Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for September 2017 was 931, down 21 from the 952 counted in August 2017, and down 3 from the 934 counted in September 2016. The international offshore rig count for September 2017 was 190, down 11 from the 201 counted in August 2017, and down 31 from the 221 counted in September 2016.

The average US rig count for September 2017 was 940, down 7 from the 947 counted in August 2017, and up 431 from the 509 counted in September 2016. The average Canadian rig count for September 2017 was 210, down 7 from the 217 counted in August 2017, and up 69 from the 141 counted in September 2016.

The worldwide rig count for September 2017 was 2,081, down 35 from the 2,116 counted in August 2017, and up 497 from the 1,584 counted in September 2016.

September 2017 Rig Counts

                                                                   
  September2017              

August2017

          September2016
    Land   Offshore     Total          

Month
Variance

    Land   Offshore     Total           Land   Offshore     Total
                 
Latin America 150 27 177 -14 160 31 191 151 38 189
Europe 58 33 91 0 53 38 91 56 36 92
Africa 66 13 79 -5 72 12 84 68 9 77
Middle East 347 48 395 4 340 51 391 336 50 386
Asia Pacific 120   69     189 -6 126   69     195 102   88     190
International 741 190 931 -21 751 201 952 713 221 934
 
United States 922 18 940 -7 930 17 947 491 18 509
Canada 209   1     210 -7 215   2     217 140   1     141
North America 1,131 19 1,150 -14 1,145 19 1,164 631 19 650
                                     
Worldwide 1,872   209     2,081 -35 1,896   220     2,116 1,344   240     1,584
                                                                   
 

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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