Baker Hughes Announces November 2014 Rig Counts

Dec 05, 2014, 06:00 ET from Baker Hughes Incorporated

HOUSTON, Dec. 5, 2014 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for November 2014 was 1,324, up 16 from the 1,308 counted in October 2014, and up 13 from the 1,311 counted in November 2013. The international offshore rig count for November 2014 was 341, up 15 from the 326 counted in October 2014, and up 25 from the 316 counted in November 2013. 

The average U.S. rig count for November 2014 was 1,925, unchanged from the 1,925 counted in October 2014, and up 169 from the 1,756 counted in November 2013. The average Canadian rig count for November 2014 was 421, down 3 from the 424 counted in October 2014, and up 36 from the 385 counted in November 2013.

The worldwide rig count for November 2014 was 3,670, up 13 from the 3,657 counted in October 2014, and up 218 from the 3,452 counted in November 2013.      

November 2014 Rotary Rig Counts

Nov 2014

Month

Oct 2014

Nov 2013

Land

Offshore

Total

Variance

Land

Offshore

Total

Land

Offshore

Total

Latin America

292

83

375

-18

309

84

393

322

89

411

Europe

97

52

149

1

99

49

148

89

48

137

Africa

94

48

142

17

84

41

125

100

35

135

Middle East

358

45

403

13

346

44

390

346

42

388

Asia Pacific

142

113

255

3

144

108

252

138

102

240

International

983

341

1,324

16

982

326

1,308

995

316

1,311

United States

1,872

53

1,925

0

1,868

57

1,925

1,698

58

1,756

Canada

420

1

421

-3

424

0

424

384

1

385

North America

2,292

54

2,346

-3

2,292

57

2,349

2,082

59

2,141

Worldwide

3,275

395

3,670

13

3,274

383

3,657

3,077

375

3,452

 

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 61,000-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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