Baker Hughes Announces December 2019 Rig Counts
08.01.2020 | Business Wire
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 | ||||||||||||||
| Land | Offshore | Total | Month Variance | Land | Offshore | Total | Land | Offshore | Total | |||||||
| 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.com
Investor Relations
Jud Bailey, +1 281-809-9088
investor.relations@bakerhughes.com