Baker Hughes Announces February 2016 Rig Counts

07 Mar, 2016, 06:00 ET from Baker Hughes Incorporated

HOUSTON, March 7, 2016 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for February 2016 was 1,018, down 27 from the 1,045 counted in January 2016, and down 257 from the 1,275 counted in February 2015. The international offshore rig count for February 2016 was 225, down 17 from the 242 counted in January 2016, and down 99 from the 324 counted in February 2015.

The average U.S. rig count for February 2016 was 532, down 122 from the 654 counted in January 2016, and down 816 from the 1,348 counted in February 2015. The average Canadian rig count for February 2016 was 211, up 19 from the 192 counted in January 2016, and down 152 from the 363 counted in February 2015.

The worldwide rig count for February 2016 was 1,761, down 130 from the 1,891 counted in January 2016, and down 1,225 from the 2,986 counted in February 2015.

February 2016 Rotary Rig Counts

February 2016

January 2016

February 2015

Land

Offshore

Total

Month Variance

Land

Offshore

Total

Land

Offshore

Total

Latin America

187

50

237

-6

192

51

243

283

72

355

Europe

71

36

107

-1

73

35

108

77

56

133

Africa

68

20

88

-6

68

26

94

88

44

132

Middle East

354

50

404

-3

352

55

407

367

48

415

Asia Pacific

113

69

182

-11

118

75

193

136

104

240

International

793

225

1,018

-27

803

242

1,045

951

324

1,275

United States

506

26

532

-122

627

27

654

1,296

52

1,348

Canada

208

3

211

19

190

2

192

360

3

363

North America

714

29

743

-103

817

29

846

1,656

55

1,711

Worldwide

1,507

254

1,761

-130

1,620

271

1,891

2,607

379

2,986

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 43,000 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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