Baker Hughes, a GE company Announces April 2019 Rig Counts

May 7, 2019 at 10:39 AM EDT

HOUSTON & LONDON--(BUSINESS WIRE)--May 7, 2019-- Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for April 2019 was 1,062, up 23 from the 1,039 counted in March 2019, and up 84 from the 978 counted in April 2018. The international offshore rig count for April 2019 was 251, up 4 from the 247 counted in March 2019, and up 57 from the 194 counted in April 2018.

The average U.S. rig count for April 2019 was 1,012, down 11 from the 1,023 counted in March 2019, and up 1 from the 1,011 counted in April 2018. The average Canadian rig count for April 2019 was 66, down 85 from the 151 counted in March 2019, and down 32 from the 98 counted in April 2018.

The worldwide rig count for April 2019 was 2,140, down 73 from the 2,213 counted in March 2019, and up 53 from the 2,087 counted in April 2018.

April 2019 Rig Counts

                                                 
   

 

 

April2019

         

 

 

March 2019

     

 

 

April 2018

    Land   Offshore   Total      

Month
Variance

  Land   Offshore   Total       Land   Offshore   Total
                                                 
Latin America   158   32   190       2   160   28   188       163   26   189
Europe   57   41   98       3   58   37   95       54   34   88
Africa   103   23   126       -1   102   25   127       79   15   94
Middle East   356   56   412       17   340   55   395       355   43   398
Asia Pacific   137   99   236       2   132   102   234       133   76   209
International   811   251   1,062       23   792   247   1,039       784   194   978
                                                 
United States   990   22   1,012       -11   1,001   22   1,023       995   16   1,011
Canada   64   2   66       -85   150   1   151       95   3   98
North America   1,054   24   1,078       -96   1,151   23   1,174       1,090   19   1,109
                                                 
Worldwide   1,865   275   2,140       -73   1,943   270   2,213       1,874   213   2,087
                                                 

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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