Baker Hughes Announces June 2016 Rig Counts

HOUSTON--(BUSINESS WIRE)--Jul. 8, 2016-- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for June 2016 was 927 down 28 from the 955 counted in May 2016, and down 219 from the 1,146 counted in June 2015. The international offshore rig count for June 2016 was 223, down 6 from the 229 counted in May 2016, and down 54 from the 277 counted in June 2015.

The average U.S. rig count for June 2016 was 417, up 9 from the 408 counted in May 2016, and down 444 from the 861 counted in June 2015. The average Canadian rig count for June 2016 was 63, up 21 from the 42 counted in May 2016, and down 66 from the 129 counted in June 2015.

The worldwide rig count for June 2016 was 1,407, up 2 from the 1,405 counted in May 2016, and down 729 from the 2,136 counted in June 2015.

June 2016 Rotary Rig Counts

                               
   

June 2016

           

May 2016

     

June 2015

      Land   Offshore   Total       Month Variance       Land   Offshore   Total       Land   Offshore   Total
           
Latin America 147 31 178 -10 158 30 188 252 62 314
Europe 52 39 91 -4 53 42 95 65 48 113
Africa 68 19 87 -4 71 20 91 74 29 103
Middle East 341 48 389 -2 340 51 391 352 49 401
Asia Pacific 96   86   182 -8 104   86   190 126   89   215
International 704 223 927 -28 726 229 955 869 277 1,146
 
United States 396 21 417 9 384 24 408 833 28 861
Canada 63   0   63 21 40   2   42 125   4   129
North America 459 21 480 30 424 26 450 958 32 990
                               
Worldwide 1,163   244   1,407 2 1,150   255   1,405 1,827   309   2,136
                                                       

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 39,000 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.

Source: Baker Hughes Incorporated

Baker Hughes Incorporated
Media Relations:
Melanie Kania, + 1-713-439-8303
melanie.kania@bakerhughes.com
Investor Relations:
Alondra Oteyza, +1-713-439-8822
alondra.oteyza@bakerhughes.com