Baker Hughes Announces September 2016 Rig Counts

HOUSTON--()--Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for September 2016 was 934 down 3 from the 937 counted in August 2016, and down 206 from the 1,140 counted in September 2015. The international offshore rig count for September 2016 was 221, down 7 from the 228 counted in August 2016, and down 47 from the 268 counted in September 2015.

The average U.S. rig count for September 2016 was 509, up 28 from the 481 counted in August 2016, and down 339 from the 848 counted in September 2015. The average Canadian rig count for September 2016 was 141, up 12 from the 129 counted in August 2016, and down 42 from the 183 counted in September 2015.

The worldwide rig count for September 2016 was 1,584, up 37 from the 1,547 counted in August 2016, and down 587 from the 2,171 counted in September 2015.

September 2016 Rotary Rig Counts

                                                       
    September 2016         August 2016     September 2015
      Land   Offshore     Total    

Month
Variance

    Land   Offshore     Total     Land   Offshore     Total
                 
Latin America 151 38 189 2 150 37 187 266 55 321
Europe 56 36 92 -4 58 38 96 62 47 109
Africa 68 9 77 -4 70 11 81 71 25 96
Middle East 336 50 386 7 329 50 379 349 47 396
Asia Pacific 102   88     190 -4 102   92     194 124   94     218
International 713 221 934 -3 709 228 937 872 268 1,140
 
United States 491 18 509 28 464 17 481 816 32 848
Canada 140   1     141 12 128   1     129 181   2     183
North America 631 19 650 40 592 18 610 997 34 1,031
                                     
Worldwide 1,344   240     1,584 37 1,301   246     1,547 1,869   302     2,171
 

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.

Contacts

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

Contacts

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