Baker Hughes Announces September 2015 Rig Counts

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

HOUSTON, Oct. 7, 2015 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for September 2015 was 1,140, up 3 from the 1,137 counted in August 2015, and down 183 from the 1,323 counted in September 2014. The international offshore rig count for September 2015 was 268, down 2 from the 270 counted in August 2015, and down 65 from the 333 counted in September 2014.

The average U.S. rig count for September 2015 was 848, down 35 from the 883 counted in August 2015, and down 1,082 from the 1,930 counted in September 2014. The average Canadian rig count for September 2015 was 183, down 23 from the 206 counted in August 2015, and down 223 from the 406 counted in September 2014.

The worldwide rig count for September 2015 was 2,171, down 55 from the 2,226 counted in August 2015, and down 1,488 from the 3,659 counted in September 2014.

September 2015 Rotary Rig Counts

September 2015

August 2015

September 2014

Land

Offshore

Total

Month Variance

Land

Offshore

Total

Land

Offshore

Total

Latin America

266

55

321

2

266

53

319

321

81

402

Europe

62

47

109

0

65

44

109

98

50

148

Africa

71

25

96

0

70

26

96

78

39

117

Middle East

349

47

396

3

341

52

393

352

44

396

Asia Pacific

124

94

218

-2

125

95

220

141

119

260

International

872

268

1,140

3

867

270

1,137

990

333

1,323

United States

816

32

848

-35

849

34

883

1,866

64

1,930

Canada

181

2

183

-23

202

4

206

404

2

406

North America

997

34

1,031

-58

1,051

38

1,089

2,270

66

2,336

Worldwide

1,869

302

2,171

-55

1,918

308

2,226

3,260

399

3,659

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 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 49,000 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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