Baker Hughes Announces November 2019 Rig Counts
Baker Hughes (NYSE: BKR) announced today that the Baker Hughes international rig count for November 2019 was 1,096, down 34 from the 1,130 counted in October 2019, and up 105 from the 991 counted in November 2018. The international offshore rig count for November 2019 was 247, up 5 from the 242 counted in October 2019, and up 41 from the 206 counted in November 2018.
The average U.S. rig count for November 2019 was 810, down 38 from the 848 counted in October 2019, and down 267 from the 1,077 counted in November 2018. The average Canadian rig count for November 2019 was 136, down 9 from the 145 counted in October 2019, and down 62 from the 198 counted in November 2018.
The worldwide rig count for November 2019 was 2,042, down 81 from the 2,123 counted in October 2019, and down 224 from the 2,266 counted in November 2018.
November 2019 Rig Counts
November 2019 |
October 2019 |
November 2018 |
||||||||||||
| Land | Offshore | Total | Month Variance |
Land | Offshore | Total | Land | Offshore | Total | |||||
| Latin America | 161 |
35 |
196 |
7 |
159 |
30 |
189 |
161 |
28 |
189 |
||||
| Europe | 104 |
43 |
147 |
-28 |
133 |
42 |
175 |
56 |
27 |
83 |
||||
| Africa | 89 |
27 |
116 |
0 |
93 |
23 |
116 |
87 |
16 |
103 |
||||
| Middle East | 364 |
53 |
417 |
-7 |
368 |
56 |
424 |
344 |
50 |
394 |
||||
| Asia Pacific | 131 |
89 |
220 |
-6 |
135 |
91 |
226 |
137 |
85 |
222 |
||||
| International | 849 |
247 |
1,096 |
-34 |
888 |
242 |
1,130 |
785 |
206 |
991 |
||||
| United States | 788 |
22 |
810 |
-38 |
825 |
23 |
848 |
1,055 |
22 |
1,077 |
||||
| Canada | 134 |
2 |
136 |
-9 |
143 |
2 |
145 |
196 |
2 |
198 |
||||
| North America | 922 |
24 |
946 |
-47 |
968 |
25 |
993 |
1,251 |
24 |
1,275 |
||||
| Worldwide | 1,771 |
271 |
2,042 |
-81 |
1,856 |
267 |
2,123 |
2,036 |
230 |
2,266 |
||||
See note to editor at the bottom of this press release.
About the Baker Hughes Rig Counts
The Baker Hughes 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. The Company has issued the 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. The monthly international rig count was initiated 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 on our website.
About Baker Hughes:
Baker Hughes (NYSE: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and with operations in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com
Note to editor: As of June 07, 2019, Ukraine was added to the Baker Hughes International Rig Count report and is reflected in the Europe count. This addition is not reflected in historical data.
View source version on businesswire.com: https://www.businesswire.com/news/home/20191206005051/en/
