Baker Hughes Announces July 2016 Rig Counts

HOUSTON--(BUSINESS WIRE)--Aug. 5, 2016-- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for July 2016 was 938, up 11 from the 927 counted in June 2016, and down 180 from the 1,118 counted in July 2015. The international offshore rig count for July 2016 was 226, up 3 from the 223 counted in June 2016, and down 38 from the 264 counted in July 2015.

The average U.S. rig count for July 2016 was 449, up 32 from the 417 counted in June 2016, and down 417 from the 866 counted in July 2015. The average Canadian rig count for June 2016 was 94, up 31 from the 63 counted in June 2016, and down 89 from the 183 counted in July 2015.

The worldwide rig count for July 2016 was 1,481, up 74 from the 1,407 counted in June 2016, and down 686 from the 2,167 counted in July 2015.

                                             

July 2016 Rotary Rig Counts

                                                                   

July 2016

June 2016 July 2015
        Land     Offshore     Total      

Month
Variance

    Land     Offshore     Total       Land     Offshore     Total
 
Latin America 153 33 186 8 147 31 178 259 54 313
Europe 52 42 94 3 52 39 91 60 48 108
Africa 70 12 82 -5 68 19 87 69 25 94
Middle East 339 51 390 1 341 48 389 342 49 391
Asia Pacific 98     88     186 4 96     86     182 124     88     212

International

712 226 938 11 704 223 927 854 264 1,118
 
United States 429 20 449 32 396 21 417 835 31 866
Canada 92     2     94 31 63     0     63 179     4     183
North America 521 22 543 63 459 21 480 1,014 35 1,049
                                           
Worldwide 1,233     248     1,481 74 1,163     244     1,407 1,868     299     2,167
 

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 36,000 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
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Melanie Kania, + 1 713-439-8303
melanie.kania@bakerhughes.com
or
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Alondra Oteyza, +1 713-439-8822
alondra.oteyza@bakerhughes.com