Baker Hughes, a GE company Announces August 2018 Rig Counts
Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for August 2018 was 1,008, up 11 from the 997 counted in July 2018, and up 56 from the 952 counted in August 2017. The international offshore rig count for August 2018 was 212, down 5 from the 217 counted in July 2018, and up 11 from the 201 counted in August 2017.
The average U.S. rig count for August 2018 was unchanged at 1,050 counted in July 2018, and up 103 from the 947 counted in August 2017. The average Canadian rig count for August 2018 was 220, up 16 from the 204 counted in July 2018, and up 3 from the 217 counted in August 2017.
The worldwide rig count for August 2018 was 2,278, up 27 from the 2,251 counted in July 2018, and up 162 from the 2,116 counted in August 2017.
August 2018 Rig Counts
| August 2018 | July 2018 | August 2017 | ||||||||||||||||||||||||||||||||||
| Land | Offshore | Total | Month | Land | Offshore | Total | Land | Offshore | Total | |||||||||||||||||||||||||||
| Latin America | 168 | 24 | 192 | 2 | 161 | 29 | 190 | 160 | 31 | 191 | ||||||||||||||||||||||||||
| Europe | 53 | 32 | 85 | 5 | 48 | 32 | 80 | 53 | 38 | 91 | ||||||||||||||||||||||||||
| Africa | 87 | 17 | 104 | 6 | 79 | 19 | 98 | 72 | 12 | 84 | ||||||||||||||||||||||||||
| Middle East | 351 | 51 | 402 | 2 | 354 | 46 | 400 | 340 | 51 | 391 | ||||||||||||||||||||||||||
| Asia Pacific | 137 | 88 | 225 | -4 | 138 | 91 | 229 | 126 | 69 | 195 | ||||||||||||||||||||||||||
| International | 796 | 212 | 1,008 | 11 | 780 | 217 | 997 | 751 | 201 | 952 | ||||||||||||||||||||||||||
| United States | 1,031 | 19 | 1,050 | 0 | 1,032 | 18 | 1,050 | 930 | 17 | 947 | ||||||||||||||||||||||||||
| Canada | 219 | 1 | 220 | 16 | 201 | 3 | 204 | 215 | 2 | 217 | ||||||||||||||||||||||||||
| North America | 1,250 | 20 | 1,270 | 16 | 1,233 | 21 | 1,254 | 1,145 | 19 | 1,164 | ||||||||||||||||||||||||||
| Worldwide | 2,046 | 232 | 2,278 | 27 | 2,013 | 238 | 2,251 | 1,896 | 220 | 2,116 | ||||||||||||||||||||||||||
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180910005082/en/
Contact
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
