Baker Hughes Announces November 2015 Rig Counts

07 Dec, 2015, 06:00 ET from Baker Hughes Incorporated

HOUSTON, Dec. 7, 2015 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for November 2015 was 1,109, down 2 from the 1,111 counted in October 2015, and down 215 from the 1,324 counted in November 2014. The international offshore rig count for November 2015 was 259, down 11 from the 270 counted in October 2015, and down 82 from the 341 counted in November 2014.

The average U.S. rig count for November 2015 was 760, down 31 from the 791 counted in October 2015, and down 1,165 from the 1,925 counted in November 2014. The average Canadian rig count for November 2015 was 178, down 6 from the 184 counted in October 2015, and down 243 from the 421 counted in November 2014.

The worldwide rig count for November 2015 was 2,047, down 39 from the 2,086 counted in October 2015, and down 1,623 from the 3,670 counted in November 2014.

November 2015 Rotary Rig Counts

November 2015

October 2015

November 2014

Land

Offshore

Total

Month

Variance

Land

Offshore

Total

Land

Offshore

Total

Latin America

232

52

284

-10

239

55

294

292

83

375

Europe

71

37

108

0

65

43

108

97

52

149

Africa

64

26

90

-3

64

29

93

94

48

142

Middle East

360

59

419

16

349

54

403

358

45

403

Asia Pacific

123

85

208

-5

124

89

213

142

113

255

International

850

259

1,109

-2

841

270

1,111

983

341

1,324

United States

729

31

760

-31

758

33

791

1,872

53

1,925

Canada

178

0

178

-6

183

1

184

420

1

421

North America

907

31

938

-37

941

34

975

2,292

54

2,346

Worldwide

1,757

290

2,047

-39

1,782

304

2,086

3,275

395

3,670

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 46,000 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



RELATED LINKS

http://www.bakerhughes.com