Baker Hughes Announces February 2017 Rig Counts

HOUSTON--()--Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for February 2017 was 941, up 8 from the 933 counted in January 2017, and down 77 from the 1,018 counted in February 2016. The international offshore rig count for February 2017 was 200, down 6 from the 206 counted in January 2017, and down 25 from the 225 counted in February 2016.

The average U.S. rig count for February 2017 was 744, up 61 from the 683 counted in January 2017, and up 212 from the 532 counted in February 2016. The average Canadian rig count for February 2017 was 342, up 40 from the 302 counted in January 2017, and up 131 from the 211 counted in February 2016.

The worldwide rig count for February 2017 was 2,027, up 109 from the 1,918 counted in January 2017, and up 266 from the 1,761 counted in February 2016.

February 2017 Rotary Rig Counts

 
 

February 2017

       

January 2017

    February 2016
   

Month

       
   

Land

  Offshore   Total    

Variance

    Land   Offshore   Total     Land   Offshore   Total
 
Latin America 147 32 179 3 142 34 176 187 50 237
Europe 69 38 107 9 67 31 98 71 36 107
Africa 68 9 77 -2 68 11 79 68 20 88
Middle East 337 45 382 0 334 48 382 354 50 404
Asia Pacific 120   76   196 -2 116   82   198 113   69   182
International

741

200 941 8 727 206 933 793 225 1,018
 
United States 724 20 744 61 659 24 683 506 26 532
Canada 340   2   342 40 301   1   302 208   3   211
North America 1,064 22 1,086 101 960 25 985 714 29 743
                               
Worldwide 1,805   222   2,027 109 1,687   231   1,918 1,507   254   1,761
 
 

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 33,000 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