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Baker Hughes Announces December 2019 Rig Counts

January 8, 2020 GMT

HOUSTON & LONDON--(BUSINESS WIRE)--Jan 8, 2020--

Baker Hughes (NYSE: BKR) announced today that the Baker Hughes international rig count for December 2019 was 1,104, up 8 from the 1,096 counted in November 2019, and up 79 from the 1,025 counted in December 2018. The international offshore rig count for December 2019 was 257, up 10 from the 247 counted in November 2019, and up 23 from the 234 counted in December 2018.

The average U.S. rig count for December 2019 was 804, down 6 from the 810 counted in November 2019, and down 274 from the 1,078 counted in December 2018. The average Canadian rig count for December 2019 was 135, down 1 from the 136 counted in November 2019, and down 6 from the 141 counted in December 2018.

The worldwide rig count for December 2019 was 2,043, up 1 from the 2,042 counted in November 2019, and down 201 from the 2,244 counted in December 2018.

December 2019 Rig Counts

December 2019

November 2019

December 2018

LandOffshoreTotalMonth
Variance
LandOffshoreTotalLandOffshoreTotal
 
Latin America

154

37

191

-5

161

35

196

170

27

197

Europe

100

39

139

-8

104

43

147

57

38

95

Africa

90

28

118

2

89

27

116

93

15

108

Middle East

371

59

430

13

364

53

417

338

56

394

Asia Pacific

132

94

226

6

131

89

220

133

98

231

International

847

257

1,104

8

849

247

1,096

791

234

1,025

 
United States

781

23

804

-6

788

22

810

1,054

24

1,078

Canada

133

2

135

-1

134

2

136

139

2

141

North America

914

25

939

-7

922

24

946

1,193

26

1,219

 
Worldwide

1,761

282

2,043

1

1,771

271

2,042

1,984

260

2,244

 

See note to editor at the bottom of this press release.

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 on our website, rigcount.bakerhughes.com.

About Baker Hughes:

Baker Hughes (NYSE: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and with operations in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com

Note to editor: Starting in February 2020, the international rig count will be released on the last working day of the first week of the month.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200108005144/en/

CONTACT: Media Relations

Melanie Kania, +1 713-879-1088

melanie.kania@bakerhughes.comInvestor Relations

Jud Bailey, +1 281-809-9088

investor.relations@bakerhughes.com

KEYWORD: UNITED STATES NORTH AMERICA CANADA TEXAS

INDUSTRY KEYWORD: OIL/GAS ENERGY MARITIME TRANSPORT OTHER ENERGY

SOURCE: Baker Hughes Company

Copyright Business Wire 2020.

PUB: 01/08/2020 06:00 AM/DISC: 01/08/2020 06:01 AM

http://www.businesswire.com/news/home/20200108005144/en