Baker Hughes Announces January 2016 Rig Counts

Feb 05, 2016, 06:00 ET from Baker Hughes Incorporated

HOUSTON, Feb. 5, 2016 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for January 2016 was 1,045, down 50 from the 1,095 counted in December 2015, and down 213 from the 1,258 counted in January 2015. The international offshore rig count for January 2016 was 242, down 8 from the 250 counted in December 2015, and down 72 from the 314 counted in January 2015.

The average U.S. rig count for January 2016 was 654, down 60 from the 714 counted in December 2015, and down 1,029 from the 1,683 counted in January 2015. The average Canadian rig count for January 2016 was 192, up 32 fom the 160 counted in December 2015, and down 176 from the 368 counted in January 2015.

The worldwide rig count for January 2016 was 1,891, down 78 from the 1,969 counted in December 2015, and down 1,418 from the 3,309 counted in January 2015.

January 2016 Rotary Rig Counts

 

January 2016

 

December 2015

 

January 2015

Land

Offshore

Total

Month Variance

Land

Offshore

Total

Land

Offshore

Total

Latin America

192

51

243

-27

213

57

270

272

79

351

Europe

73

35

108

-6

79

35

114

83

45

128

Africa

68

26

94

3

64

27

91

87

45

132

Middle East

352

55

407

-15

367

55

422

372

43

415

Asia Pacific

118

75

193

-5

122

76

198

130

102

232

International

803

242

1,045

-50

845

250

1,095

944

314

1,258

United States

627

27

654

-60

690

24

714

1,630

53

1,683

Canada

190

2

192

32

160

0

160

365

3

368

North America

817

29

846

-28

850

24

874

1,995

56

2,051

Worldwide

1,620

271

1,891

-78

1,695

274

1,969

2,939

370

3,309

 

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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