Baker Hughes Announces March 2016 Rig Counts

HOUSTON, April 07, 2016 /PRNewswire/ -- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for March 2016 was 985, down 33 from the 1,018 counted in February 2016, and down 266 from the 1,251 counted in March 2015. The international offshore rig count for March 2016 was 211, down 14 from the 225 counted in February 2016, and down 105 from the 316 counted in March 2015.

The average U.S. rig count for March 2016 was 478, down 54 from the 532 counted in February 2016, and down 632 from the 1,110 counted in March 2015. The average Canadian rig count for March 2016 was 88, down 123 from the 211 counted in February 2016, and down 108 from the 196 counted in March 2015.

The worldwide rig count for March 2016 was 1,551, down 210 from the 1,761 counted in February 2016, and down 1,006 from the 2,557 counted in March 2015.

March 2016 Rotary Rig Counts


March

2016


February

2016

March

2015


Land

Offshore

Total

Month Variance

Land

Offshore

Total

Land

Offshore

Total












Latin America

178

40

218

-19

187

50

237

284

67

351

Europe

58

38

96

-11

71

36

107

80

55

135

Africa

71

20

91

3

68

20

88

85

40

125

Middle East

354

43

397

-7

354

50

404

355

52

407

Asia Pacific

113

70

183

1

113

69

182

131

102

233

International

774

211

985

-33

793

225

1,018

935

316

1,251












United States

451

27

478

-54

506

26

532

1,067

43

1,110

Canada

85

3

88

-123

208

3

211

193

3

196

North America

536

30

566

-177

714

29

743

1,260

46

1,306












Worldwide

1,310

241

1,551

-210

1,507

254

1,761

2,195

362

2,557












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 U.S., 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 the U.S. and Canadian drilling activity. Baker Hughes initiated the monthly international rig count 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.

Baker Hughes is a leading supplier of oilfield services, products, technology and systems to the worldwide oil and natural gas industry. The company's 43,000 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: Alondra Oteyza, +1.713.439.8822, alondra.oteyza@bakerhughes.com

 

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SOURCE Baker Hughes Incorporated