Baker Hughes Announces March 2020 Rig Counts

Baker Hughes (NYSE: BKR) announced today that the Baker Hughes international rig count for March 2020 was 1,059, down 26 from the 1,085 counted in February 2020, and up 20 from the 1,039 counted in March 2019. The international offshore rig count for March 2020 was 244, down 1 from the 245 counted in February 2020, and down 3 from the 247 counted in March 2019.

The average U.S. rig count for March 2020 was 772, down 19 from the 791 counted in February 2020, and down 251 from the 1,023 counted in March 2019. The average Canadian rig count for March 2020 was 133, down 116 from the 249 counted in February 2020, and down 18 from the 151 counted in March 2019.

The worldwide rig count for March 2020 was 1,964, down 161 from the 2,125 counted in February 2020, and down 249 from the 2,213 counted in March 2019.

March 2020 Rig Counts

 

March 2020

 

 

 

 

February 2020

 

 

 

March 2019

 

 

 

Land

Offshore

Total

 

Month
Variance

 

Land

Offshore

Total

 

 

Land

Offshore

Total

 

 
Latin America

135

34

169

-15

147

37

184

160

28

188

Europe

96

27

123

-7

98

32

130

58

37

95

Africa

78

30

108

-12

89

31

120

102

25

127

Middle East

373

55

428

1

373

54

427

340

55

395

Asia Pacific

133

98

231

7

133

91

224

132

102

234

International

815

244

1,059

-26

840

245

1,085

792

247

1,039

 
United States

752

20

772

-19

768

23

791

1,001

22

1,023

Canada

131

2

133

-116

247

2

249

150

1

151

North America

883

22

905

-135

1,015

25

1,040

1,151

23

1,174

 
Worldwide

1,698

266

1,964

-161

1,855

270

2,125

1,943

270

2,213

 

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 last working day of the first week of the month at 5:00 a.m. Central Time. Additional detailed information on the Baker Hughes rig counts is available on our rig count site.

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