Baker Hughes Announces December 2016 Rig Counts

HOUSTON--(BUSINESS WIRE)--Jan. 9, 2017-- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for December 2016 was 929, up 4 from the 925 counted in November 2016, and down 166 from the 1,095 counted in December 2015. The international offshore rig count for December 2016 was 210, down 1 from the 211 counted in November 2016, and down 40 from the 250 counted in December 2015.

The average U.S. rig count for December 2016 was 634, up 54 from the 580 counted in November 2016, and down 80 from the 714 counted in December 2015. The average Canadian rig count for December 2016 was 209, up 36 from the 173 counted in November 2016, and up 49 from the 160 counted in December 2015.

The worldwide rig count for December 2016 was 1,772, up 94 from the 1,678 counted in November 2016, and down 197 from the 1,969 counted in December 2015.

December 2016 Rotary Rig Counts

                                                           
 

December 2016

        November 2016     December 2015

 

   

 

   

 

Month

 

   

 

   

 

 

   

 

   

 

   

Land

   

Offshore

   

Total

    Variance    

Land

   

Offshore

   

Total

   

Land

   

Offshore

   

Total

 
Latin America 152 32 184 3 153 28 181 213 57 270
Europe 64 35 99 2 64 33 97 79 35 114
Africa 67 11 78 -1 67 12 79 64 27 91
Middle East 331 45 376 -4 334 46 380 367 55 422
Asia Pacific 105     87     192 4 96     92     188 122     76     198
International 719 210 929 4 714 211 925 845 250 1,095
 
United States 611 23 634 54 558 22 580 690 24 714
Canada 207     2     209 36 171     2     173 160     0     160

North America

818 25 843 90 729 24 753 850 24 874
                                           

Worldwide

1,537     235     1,772 94 1,443     235     1,678 1,695     274     1,969
 

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 34,000 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
or
Investor Relations:
Alondra Oteyza, +1-713-439-8822
alondra.oteyza@bakerhughes.com