Baker Hughes Announces December 2015 Rig Counts

Jan 08, 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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