Baker Hughes Announces November 2016 Rig Counts

HOUSTON--()--Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for November 2016 was 925, up 5 from the 920 counted in October 2016, and down 184 from the 1,109 counted in November 2015. The international offshore rig count for November 2016 was 211, up 11 from the 200 counted in October 2016, and down 48 from the 259 counted in November 2015.

The average U.S. rig count for November 2016 was 580, up 36 from the 544 counted in October 2016, and down 180 from the 760 counted in November 2015. The average Canadian rig count for November 2016 was 173, up 17 from the 156 counted in October 2016, and down 5 from the 178 counted in November 2015.

The worldwide rig count for November 2016 was 1,678, up 58 from the 1,620 counted in October 2016, and down 369 from the 2,047 counted in November 2015.

November 2016 Rotary Rig Counts

                         
   

November 2016

        October 2016     November 2015
        Month                
      Land     Offshore     Total     Variance     Land     Offshore     Total     Land     Offshore     Total
 
Latin America 153 28 181 -2 153 30 183 232 52 284
Europe 64 33 97 10 63 24 87 71 37 108
Africa 67 12 79 2 67 10 77 64 26 90
Middle East 334 46 380 -11 339 52 391 360 59 419
Asia Pacific 96     92     188 6 98     84     182 123     85     208
International 714 211 925 5 720 200 920 850 259 1,109
 
United States 558 22 580 36 521 23 544 729 31 760
Canada 171     2     173 17 154     2     156 178     0     178
North America 729 24 753 53 675 25 700 907 31 938
                                           
Worldwide 1,443     235     1,678 58 1,395     225     1,620 1,757     290     2,047
 

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.

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