Baker Hughes, a GE Company Announces February 2018 Rig Counts
HOUSTON & LONDON–(BUSINESS WIRE)–Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker
Hughes international rig count for February 2018 was 979, up 19 from the
960 counted in January 2018, and up 38 from the 941 counted in February
2017. The international offshore rig count for February 2018 was 194,
down 2 from the 196 counted in January 2018, and down 6 from the 200
counted in February 2017.
The average U.S. rig count for February 2018 was 969, up 32 from the 937
counted in January 2018, and up 225 from the 744 counted in February
2017. The average Canadian rig count for February 2018 was 323, up 45
from the 278 counted in January 2018, and down 19 from the 342 counted
in February 2017.
The worldwide rig count for February 2018 was 2,271, up 96 from the
2,175 counted in January 2018, and up 244 from the 2,027 counted in
February 2017.
February 2018 Rig Counts
|
February 2018 |
January 2018 |
February 2017 |
||||||||
| Land | Offshore | Total | Month Variance | Land | Offshore | Total | Land | Offshore | Total | |
| Latin America | 169 | 30 | 199 | 8 | 165 | 26 | 191 | 147 | 32 | 179 |
| Europe | 55 | 29 | 84 | 0 | 57 | 27 | 84 | 69 | 38 | 107 |
| Africa | 74 | 16 | 90 | 10 | 69 | 11 | 80 | 68 | 9 | 77 |
| Middle East | 356 | 40 | 396 | 13 | 342 | 41 | 383 | 337 | 45 | 382 |
| Asia Pacific | 131 | 79 | 210 | -12 | 131 | 91 | 222 | 120 | 76 | 196 |
| International | 785 | 194 | 979 | 19 | 764 | 196 | 960 | 741 | 200 | 941 |
| United States | 952 | 17 | 969 | 32 | 919 | 18 | 937 | 724 | 20 | 744 |
| Canada | 321 | 2 | 323 | 45 | 277 | 1 | 278 | 340 | 2 | 342 |
| North America | 1,273 | 19 | 1,292 | 77 | 1,196 | 19 | 1,215 | 1,064 | 22 | 1,086 |
| Worldwide | 2,058 | 213 | 2,271 | 96 | 1,960 | 215 | 2,175 | 1,805 | 222 | 2,027 |
About the Baker Hughes Rig Counts
The Baker Hughes 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. The company has issued the rig counts
as a service to the petroleum industry since 1944, when Hughes Tool
Company began weekly counts of U.S. and Canadian drilling activity. The
monthly international rig count was initiated 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.
About Baker Hughes, a GE company
Baker Hughes, a GE company (NYSE: BHGE) is the world’s first and only
fullstream provider of integrated oilfield products, services and
digital solutions. We deploy minds and machines to enhance customer
productivity, safety and environmental stewardship, while minimizing
costs and risks at every step of the energy value chain. With operations
in over 120 countries, we infuse over a century of experience with the
spirit of a startup – inventing smarter ways to bring energy to the
world.
Contacts
Baker Hughes, a GE company
Media Relations:
Stephanie
Cathcart, +1 202-549-6462
[email protected]
Melanie
Kania, +1 713-439-8303
[email protected]
or
Investor
Relations:
Philipp Mueller, +1 281-809-9088
[email protected]
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