Baker Hughes logo

Investor Center

 

Baker Hughes, a GE company Announces October 2018 Rig Counts

November 7, 2018 at 6:00 AM EST

HOUSTON & LONDON--(BUSINESS WIRE)--Nov. 7, 2018-- Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for October 2018 was 1,017, up 13 from the 1,004 counted in September 2018, and up 66 from the 951 counted in October 2017. The international offshore rig count for October 2018 was 207, up 3 from the 204 counted in September 2018, and up 3 from the 204 counted in October 2017.

The average U.S. rig count for October 2018 was 1,062, up 9 from the 1,053 counted in September 2018, and up 140 from the 922 counted in October 2017. The average Canadian rig count for October 2018 was 192, down 9 from the 201 counted in September 2018, and down 12 from the 204 counted in October 2017.

The worldwide rig count for October 2018 was 2,271, up 13 from the 2,258 counted in September 2018, and up 194 from the 2,077 counted in October 2017.

October 2018 Rig Counts

                                 
      October2018             September2018       October2017
        Land     Offshore     Total      

Month
Variance

       Land     Offshore     Total       Land     Offshore     Total
                       
Latin America 168 25 193 1 167 25 192 151 26 177
Europe 56 36 92 6 56 30 86 61 30 91
Africa 88 19 107 -2 90 19 109 71 14 85
Middle East 356 48 404 9 347 48 395 340 45 385
Asia Pacific 142     79     221 -1 140     82     222 124     89     213
International 810 207 1,017 13 800 204 1,004 747 204 951
 
United States 1,041 21 1,062 9 1,033 20 1,053 901 21 922
Canada 190     2     192 -9 199     2     201 202     2     204
North America 1,231 23 1,254 1,232 22 1,254 1,103 23 1,126
                                           
Worldwide 2,041     230     2,271 13 2,032     226     2,258 1,850     227     2,077
 

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