Baker Hughes Announces December 2016 Rig Counts
January 09 2017 - 06:00AM
Business Wire
Baker Hughes Incorporated (NYSE:BHI) announced today that the
international rig count for December 2016 was 929, up 4 from the
925 counted in November 2016, and down 166 from the 1,095 counted
in December 2015. The international offshore rig count for December
2016 was 210, down 1 from the 211 counted in November 2016, and
down 40 from the 250 counted in December 2015.
The average U.S. rig count for December 2016 was 634, up 54 from
the 580 counted in November 2016, and down 80 from the 714 counted
in December 2015. The average Canadian rig count for December 2016
was 209, up 36 from the 173 counted in November 2016, and up 49
from the 160 counted in December 2015.
The worldwide rig count for December 2016 was 1,772, up 94 from
the 1,678 counted in November 2016, and down 197 from the 1,969
counted in December 2015.
December 2016 Rotary Rig Counts
December 2016
November 2016
December 2015
Month
Land
Offshore
Total
Variance
Land
Offshore
Total
Land
Offshore
Total
Latin America 152 32 184 3 153 28 181 213 57 270 Europe 64
35 99 2 64 33 97 79 35 114 Africa 67 11 78 -1 67 12 79 64 27 91
Middle East 331 45 376 -4 334 46 380 367 55 422 Asia Pacific 105
87 192 4 96 92
188 122 76 198
International 719 210 929 4
714 211 925 845 250 1,095
United States 611 23 634 54 558 22 580 690 24 714 Canada 207
2 209 36 171 2
173 160 0 160
North America
818 25 843 90 729 24
753 850 24 874
Worldwide
1,537 235 1,772
94 1,443 235
1,678 1,695 274
1,969
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 34,000 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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170109005419/en/
Baker Hughes IncorporatedMedia Relations:Melanie Kania,
+1-713-439-8303melanie.kania@bakerhughes.comorInvestor
Relations:Alondra Oteyza,
+1-713-439-8822alondra.oteyza@bakerhughes.com
Baker Hughes (NYSE:BHI)
Historical Stock Chart
From Feb 2024 to Mar 2024
Baker Hughes (NYSE:BHI)
Historical Stock Chart
From Mar 2023 to Mar 2024