Baker Hughes, a GE Company Announces May 2018 Rig Counts
June 07 2018 - 6:00AM
Business Wire
Baker Hughes, a GE company (NYSE:BHGE) announced today that the
Baker Hughes international rig count for May 2018 was 967, down 11
from the 978 counted in April 2018, and up 10 from the 957 counted
in May 2017. The international offshore rig count for May 2018 was
198, up 4 from the 194 counted in April 2018, and down 4 from the
202 counted in May 2017.
The average U.S. rig count for May 2018 was 1,046, up 35 from
the 1,011 counted in April 2018, and up 153 from the 893 counted in
May 2017. The average Canadian rig count for May 2018 was 83, down
15 from the 98 counted in April 2018, and down 2 from the 85
counted in May 2017.
The worldwide rig count for May 2018 was 2,096, up 9 from the
2,087 counted in April 2018, and up 161 from the 1,935 counted in
May 2017.
May 2018 Rig Counts
May 2018
April 2018
May 2017
Land Offshore
Total
Month Variance
Land Offshore
Total Land
Offshore Total Latin
America 150 24 174 -15 163 26 189 155 35 190 Europe 52 28 80 -8 54
34 88 60 35 95 Africa 77 17 94 0 79 15 94 69 15 84 Middle East 353
48 401 3 355 43 398 350 41 391 Asia Pacific 137 81
218 9 133 76 209 121 76 197
International 769 198 967 -11
784 194 978 755 202 957
United States 1,026 20 1,046 35 995 16 1,011 871 22 893
Canada 80 3 83 -15 95 3 98 83 2
85
North America 1,106 23 1,129
20 1,090 19 1,109 954 24
978
Worldwide 1,875 221 2,096
9 1,874 213 2,087
1,709 226 1,935
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
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: https://www.businesswire.com/news/home/20180607005108/en/
Baker Hughes, a GE companyMedia Relations:Stephanie Cathcart, +1
202-549-6462stephanie.cathcart@bhge.comorMelanie Kania, +1
713-439-8303melanie.kania@bhge.comorInvestor Relations:Philipp
Mueller, +1 281-809-9088investor.relations@bhge.com
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