Baker Hughes Announces May 2014 Rig Counts

HOUSTON, June 6, 2014 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for May 2014 was 1,350, up 1 from the 1,349 counted in April 2014, and up 67 from the 1,283 counted in May 2013. The international offshore rig count for May 2014 was 326, down 3 from the 329 counted in April 2014, and down 1 from the 327 counted in May 2013. 

The average U.S. rig count for May 2014 was 1,859, up 24 from the 1,835 counted in April 2014, and up 92 from the 1,767 counted in May 2013. The average Canadian rig count for May 2014 was 162, down 42 from the 204 counted in April 2014, and up 34 from the 128 counted in May 2013.

The worldwide rig count for May 2014 was 3,371, down 17 from the 3,388 counted in April 2014, and up 193 from the 3,178 counted in May 2013.      

May 2014 Rotary Rig Counts



May 2014


Month


April 2014


May 2013



Land

Offshore

Total


Variance


Land

Offshore

Total


Land

Offshore

Total

















Latin America

333

71

404


1


337

66

403


330

94

424


Europe

93

56

149


-2


93

58

151


78

46

124


Africa

100

40

140


4


96

40

136


87

37

124


Middle East

367

47

414


7


361

46

407


318

44

362


Asia Pacific

131

112

243


-9


133

119

252


143

106

249

International

1,024

326

1,350


1


1,020

329

1,349


956

327

1,283

















United States

1,801

58

1,859


24


1,784

51

1,835


1,715

52

1,767


Canada

160

2

162


-42


201

3

204


126

2

128

North America

1,961

60

2,021


-18


1,985

54

2,039


1,841

54

1,895
















Worldwide

2,985

386

3,371


-17


3,005

383

3,388


2,797

381

3,178































 

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



RELATED LINKS
http://www.bakerhughes.com

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