Baker Hughes Announces August 2016 Rig Counts

HOUSTON--(BUSINESS WIRE)--Sep. 8, 2016-- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for August 2016 was 937 down 1 from the 938 counted in July 2016, and down 200 from the 1,137 counted in August 2015. The international offshore rig count for August 2016 was 228, up 2 from the 226 counted in July 2016, and down 42 from the 270 counted in August 2015.

The average U.S. rig count for August 2016 was 481, up 32 from the 449 counted in July 2016, and down 402 from the 883 counted in August 2015. The average Canadian rig count for August 2016 was 129, up 35 from the 94 counted in July 2016, and down 77 from the 206 counted in August 2015.

The worldwide rig count for August 2016 was 1,547, up 66 from the 1,481 counted in July 2016, and down 679 from the 2,226 counted in August 2015.

August 2016 Rotary Rig Counts

                                                   
     

August 2016

        July 2016     August 2015
        Land   Offshore   Total    

Month
Variance

    Land   Offshore   Total     Land   Offshore   Total
           
Latin America 150 37 187 1 153 33 186 266 53 319
Europe 58 38 96 2 52 42 94 65 44 109
Africa 70 11 81 -1 70 12 82 70 26 96
Middle East 329 50 379 -11 339 51 390 341 52 393
Asia Pacific 102   92   194 8 98   88   186 125   95   220
International 709 228 937 -1 712 226 938 867 270 1,137
 
United States 464 17 481 32 429 20 449 849 34 883
Canada 128   1   129 35 92   2   94 202   4   206
North America 592 18 610 67 521 22 543 1,051 38 1,089
                               
Worldwide 1,301   246   1,547 66 1,233   248   1,481 1,918   308   2,226
 

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