Baker Hughes, a GE Company Announces February 2018 Rig Counts
March 07 2018 - 6:00AM
Business Wire
Baker Hughes, a GE company (NYSE:BHGE) announced today that the
Baker Hughes international rig count for February 2018 was 979, up
19 from the 960 counted in January 2018, and up 38 from the 941
counted in February 2017. The international offshore rig count for
February 2018 was 194, down 2 from the 196 counted in January 2018,
and down 6 from the 200 counted in February 2017.
The average U.S. rig count for February 2018 was 969, up 32 from
the 937 counted in January 2018, and up 225 from the 744 counted in
February 2017. The average Canadian rig count for February 2018 was
323, up 45 from the 278 counted in January 2018, and down 19 from
the 342 counted in February 2017.
The worldwide rig count for February 2018 was 2,271, up 96 from
the 2,175 counted in January 2018, and up 244 from the 2,027
counted in February 2017.
February 2018 Rig Counts
February 2018
January 2018
February 2017
Land
Offshore Total
Month Variance
Land Offshore
Total Land
Offshore Total
Latin America 169 30 199 8 165 26 191
147 32 179 Europe 55 29 84 0 57 27 84 69 38 107 Africa 74 16 90 10
69 11 80 68 9 77 Middle East 356 40 396 13 342 41 383 337 45 382
Asia Pacific 131 79 210 -12
131 91 222 120
76 196
International 785
194 979 19 764 196 960
741 200 941 United States 952 17 969 32
919 18 937 724 20 744 Canada 321 2 323
45 277 1 278 340
2 342
North America 1,273
19 1,292 77 1,196 19
1,215 1,064 22 1,086
Worldwide 2,058
213 2,271 96
1,960 215
2,175 1,805 222
2,027
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 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
from our website.
About Baker Hughes, a GE company
Baker Hughes, a GE company (NYSE: BHGE) is the world’s first and
only fullstream provider of integrated oilfield products, services
and digital solutions. We deploy minds and machines to enhance
customer productivity, safety and environmental stewardship, while
minimizing costs and risks at every step of the energy value chain.
With operations in over 120 countries, we infuse over a century of
experience with the spirit of a startup – inventing smarter ways to
bring energy to the world.
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version on businesswire.com: http://www.businesswire.com/news/home/20180307005258/en/
Baker Hughes, a GE companyMedia Relations:Stephanie Cathcart, +1
202-549-6462stephanie.cathcart@bhge.comMelanie Kania, +1
713-439-8303melanie.kania@bhge.comorInvestor Relations:Philipp
Mueller, +1 281-809-9088investor.relations@bhge.com
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