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Baker Hughes, a GE company Announces November 2018 Rig Counts

December 7, 2018 at 6:00 AM EST

HOUSTON & LONDON--(BUSINESS WIRE)--Dec. 7, 2018-- Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for November 2018 was 991, down 26 from the 1,017 counted in October 2018, and up 49 from the 942 counted in November 2017. The international offshore rig count for November 2018 was 206, down 1 from the 207 counted in October 2018, and up 23 from the 183 counted in November 2017.

The average U.S. rig count for November 2018 was 1,077, up 15 from the 1,062 counted in October 2018, and up 166 from the 911 counted in November 2017. The average Canadian rig count for November 2018 was 198, up 6 from the 192 counted in October 2018, and down 6 from the 204 counted in November 2017.

The worldwide rig count for November 2018 was 2,266, down 5 from the 2,271 counted in October 2018, and up 209 from the 2,057 counted in November 2017.

November 2018 Rig Counts

                               
     

November2018

           October2018       November2017
        Land     Offshore     Total      

Month
Variance

     Land     Offshore     Total       Land     Offshore     Total
                       
Latin America 161 28 189 -4 168 25 193 157 24 181
Europe 56 27 83 -9 56 36 92 59 26 85
Africa 87 16 103 -4 88 19 107 74 11 85
Middle East 344 50 394 -10 356 48 404 339 39 378
Asia Pacific 137     85     222 1     142     79     221 130     83     213
International 785 206 991 -26 810 207 1,017 759 183 942
 
United States 1,055 22 1,077 15 1,041 21 1,062 891 20 911
Canada 196     2     198 6     190     2     192 203     1     204
North America 1,251 24 1,275 21 1,231 23 1,254 1,094 21 1,115
                                               
Worldwide 2,036     230     2,266 -5     2,041     230     2,271 1,853     204     2,057
                                                                   
 

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)

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