Baker Hughes Announces December 2015 Rig Counts

08 Jan, 2016, 06:00 ET from Baker Hughes Incorporated

HOUSTON, Jan. 8, 2016 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for December 2015 was 1,095, down 14 from the 1,109 counted in November 2015, and down 218 from the 1,313 counted in December 2014. The international offshore rig count for December 2015 was 250, down 9 from the 259 counted in November 2015, and down 88 from the 338 counted in December 2014.

The average U.S. rig count for December 2015 was 714, down 46 from the 760 counted in November 2015, and down 1,168 from the 1,882 counted in December 2014. The average Canadian rig count for December 2015 was 160, down 18 from the 178 counted in November 2015, and down 215 from the 375 counted in December 2014.

The worldwide rig count for December 2015 was 1,969, down 78 from the 2,047 counted in November 2015, and down 1,601 from the 3,570 counted in December 2014.

December 2015 Rotary Rig Counts

December

2015

November

2015

December

2014

Land

Offshore

Total

Month Variance

Land

Offshore

Total

Land

Offshore

Total

Latin America

213

57

270

-14

232

52

284

287

82

369

Europe

79

35

114

6

71

37

108

97

51

148

Africa

64

27

91

1

64

26

90

91

47

138

Middle East

367

55

422

3

360

59

419

358

45

403

Asia Pacific

122

76

198

-10

123

85

208

142

113

255

International

845

250

1,095

-14

850

259

1,109

975

338

1,313

United States

690

24

714

-46

729

31

760

1,823

59

1,882

Canada

160

0

160

-18

178

0

178

373

2

375

North America

850

24

874

-64

907

31

938

2,196

61

2,257

Worldwide

1,695

274

1,969

-78

1,757

290

2,047

3,171

399

3,570

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 46,000 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:

Media Relations:         Melanie Kania, + 1.713.439.8303, melanie.kania@bakerhughes.com 

Investor Relations:      Alondra Oteyza, +1.713.439.8822, alondra.oteyza@bakerhughes.com

 

SOURCE Baker Hughes Incorporated



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