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Baker Hughes, a GE company Announces September 2018 Rig Counts

Oct 5, 2018

HOUSTON & LONDON--(BUSINESS WIRE)--Oct. 5, 2018-- Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for September 2018 was 1,004, down 4 from the 1,008 counted in August 2018, and up 73 from the 931 counted in September 2017. The international offshore rig count for September 2018 was 204, down 8 from the 212 counted in August 2018, and up 14 from the 190 counted in September 2017.

The average U.S. rig count for September 2018 was 1,053, up 3 from the 1,050 counted in August 2018, and up 113 from the 940 counted in September 2017. The average Canadian rig count for September 2018 was 201, down 19 from the 220 counted in August 2018, and down 9 from the 210 counted in September 2017.

The worldwide rig count for September 2018 was 2,258, down 20 from the 2,278 counted in August 2018, and up 177 from the 2,081 counted in September 2017.

September 2018 Rig Counts

                                                                               
    September2018           August2018       September2017
      Land       Offshore       Total      

Month
Variance

    Land       Offshore       Total       Land       Offshore       Total
                                   
Latin America 167 25 192 0 168 24 192 150 27 177
Europe 56 30 86 1 53 32 85 58 33 91
Africa 90 19 109 5 87 17 104 66 13 79
Middle East 347 48 395 -7 351 51 402 347 48 395
Asia Pacific 140       82       222 -3 137       88       225 120       69       189
International 800 204 1,004 -4 796 212 1,008 741 190 931
 
United States 1,033 20 1,053 3 1,031 19 1,050 922 18 940
Canada 199       2       201 -19 219       1       220 209       1       210
North America 1,232 22 1,254 -16 1,250 20 1,270 1,131 19 1,150
                                                       
Worldwide 2,032       226       2,258 -20 2,046       232       2,278 1,872       209       2,081
                                                                               

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:
Melanie Kania, +1 713-439-8303
melanie.kania@bhge.com
or
Yulia Caris, +44 7827-35-4283
yulia.caris@bhge.com
or
Investor Relations:
Philipp Mueller, +1 281-809-9088
investor.relations@bhge.com

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