Baker Hughes Announces January 2015 Rig Counts

Feb 06, 2015, 06:00 ET from Baker Hughes Incorporated

HOUSTON, Feb. 6, 2015 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for January 2015 was 1,258, down 55 from the 1,313 counted in December 2014, and down 67 from the 1,325 counted in January 2014. The international offshore rig count for January 2015 was 314, down 24 from the 338 counted in December 2014, and up 12 from the 302 counted in January 2014. 

The average U.S. rig count for January 2015 was 1,683, down 199 from the 1,882 counted in December 2014, and down 86 from the 1,769 counted in January 2014. The average Canadian rig count for January 2015 was 368, down 7 from the 375 counted in December 2014, and down 136 from the 504 counted in January 2014.

The worldwide rig count for January 2015 was 3,309, down 261 from the 3,570 counted in December 2014, and down 289 from the 3,598 counted in January 2014.      

January 2015 Rotary Rig Counts

Jan 2015

Month

Dec 2014

Jan 2014

Land

Offshore

Total

Variance

Land

Offshore

Total

Land

Offshore

Total

Latin America

272

79

351

-18

287

82

369

328

73

401

Europe

83

45

128

-20

97

51

148

87

39

126

Africa

87

45

132

-6

91

47

138

106

33

139

Middle East

372

43

415

12

358

45

403

360

43

403

Asia Pacific

130

102

232

-23

142

113

255

142

114

256

International

944

314

1,258

-55

975

338

1,313

1,023

302

1,325

United States

1,630

53

1,683

-199

1,823

59

1,882

1,711

58

1,769

Canada

365

3

368

-7

373

2

375

503

1

504

North America

1,995

56

2,051

-206

2,196

61

2,257

2,214

59

2,273

Worldwide

2,939

370

3,309

-261

3,171

399

3,570

3,237

361

3,598

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 United States, 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 US and Canadian drilling activity. Baker Hughes initiated the monthly international rig count in 1975.

North American rig count data 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 5th working day of the month. 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 62,000-plus 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:    

 Trey Clark, +1.713.439.8039, trey.clark@bakerhughes.com

 Alondra Oteyza, +1.713.439.8822, alondra.oteyza@bakerhughes.com  

 

SOURCE Baker Hughes Incorporated



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