Baker Hughes Announces October 2014 Rig Counts

HOUSTON, Nov. 7, 2014 /PRNewswire/ -- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for October 2014 was 1,308, down 15 from the 1,323 counted in September 2014, and down 7 from the 1,315 counted in October 2013. The international offshore rig count for October 2014 was 326, down 7 from the 333 counted in September 2014, and up 10 from the 316 counted in October 2013. 

The average U.S. rig count for October 2014 was 1,925, down 5 from the 1,930 counted in September 2014, and up 181 from the 1,744 counted in October 2013. The average Canadian rig count for October 2014 was 424, up 18 from the 406 counted in September 2014, and up 46 from the 378 counted in October 2013.

The worldwide rig count for October 2014 was 3,657, down 2 from the 3,659 counted in September 2014, and up 220 from the 3,437 counted in October 2013.      

October 2014 Rotary Rig Counts



Oct 2014


Month


Sep 2014


Oct 2013



Land

Offshore

Total


Variance


Land

Offshore

Total


Land

Offshore

Total

















Latin America

309

84

393


-9


321

81

402


332

88

420


Europe

99

49

148


0


98

50

148


90

46

136


Africa

84

41

125


8


78

39

117


96

35

131


Middle East

346

44

390


-6


352

44

396


342

41

383


Asia Pacific

144

108

252


-8


141

119

260


139

106

245

International

982

326

1,308


-15


990

333

1,323


999

316

1,315

















United States

1,868

57

1,925


-5


1,866

64

1,930


1,683

61

1,744


Canada

424

0

424


18


404

2

406


374

4

378

North America

2,292

57

2,349


13


2,270

66

2,336


2,057

65

2,122
















Worldwide

3,274

383

3,657


-2


3,260

399

3,659


3,056

381

3,437































About the Baker Hughes Rig Counts
The Baker Hughes Rotary Rig Counts are counts of the number of drilling rigs actively exploring for or developing oil or natural gas in the United States, Canada and international markets.  Baker Hughes has issued the rotary rig counts as a service to the petroleum industry since 1944, when Hughes Tool Company began weekly counts of US and Canadian drilling activity.  Baker Hughes initiated the monthly international rig count in 1975.

North American rig count data 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 5th working day of the month.  Additional detailed information on the Baker Hughes rig counts is available from our website.

Baker Hughes is a leading supplier of oilfield services, products, technology and systems to the worldwide oil and natural gas industry. The company's 60,000-plus employees today work in more than 80 countries helping customers find, evaluate, drill, produce, transport and process hydrocarbon resources. For more information about Baker Hughes, visit: www.bakerhughes.com.

CONTACTS:


Media Relations: 

Melanie Kania, + 1.713.439.8303, melanie.kania@bakerhughes.com

Investor Relations: 

Trey Clark, +1.713.439.8039, trey.clark@bakerhughes.com


Alondra Oteyza, +1.713.439.8822, alondra.oteyza@bakerhughes.com

SOURCE Baker Hughes Incorporated