Baker Hughes Announces June 2014 Rig Counts

Jul 08, 2014, 06:00 ET from Baker Hughes Incorporated

HOUSTON, July 8, 2014 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for June 2014 was 1,336, down 14 from the 1,350 counted in May 2014, and up 3 from the 1,333 counted in June 2013. The international offshore rig count for June 2014 was 314, down 12 from the 326 counted in May 2014, and down 23 from the 337 counted in June 2013. 

The average U.S. rig count for June 2014 was 1,861, up 2 from the 1,859 counted in May 2014, and up 100 from the 1,761 counted in June 2013. The average Canadian rig count for June 2014 was 240, up 78 from the 162 counted in May 2014, and up 57 from the 183 counted in June 2013.

The worldwide rig count for June 2014 was 3,437, up 66 from the 3,371 counted in May 2014, and up 160 from the 3,277 counted in June 2013.      

June 2014 Rotary Rig Counts

June 2014

Month

May 2014

June 2013

Land

Offshore

Total

Variance

Land

Offshore

Total

Land

Offshore

Total

Latin America

328

70

398

-6

333

71

404

328

95

423

Europe

97

42

139

-10

93

56

149

87

51

138

Africa

87

36

123

-17

100

40

140

93

40

133

Middle East

374

51

425

11

367

47

414

346

43

389

Asia Pacific

136

115

251

8

131

112

243

142

108

250

International

1,022

314

1,336

-14

1,024

326

1,350

996

337

1,333

United States

1,803

58

1,861

2

1,801

58

1,859

1,706

55

1,761

Canada

238

2

240

78

160

2

162

182

1

183

North America

2,041

60

2,101

80

1,961

60

2,021

1,888

56

1,944

Worldwide

3,063

374

3,437

66

2,985

386

3,371

2,884

393

3,277

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 59,000-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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