Baker Hughes, a GE company Announces November 2018 Rig Counts
December 07 2018 - 6:00AM
Business Wire
Baker Hughes, a GE company (NYSE:BHGE) announced today that the
Baker Hughes international rig count for November 2018 was 991,
down 26 from the 1,017 counted in October 2018, and up 49 from the
942 counted in November 2017. The international offshore rig count
for November 2018 was 206, down 1 from the 207 counted in October
2018, and up 23 from the 183 counted in November 2017.
The average U.S. rig count for November 2018 was 1,077, up 15
from the 1,062 counted in October 2018, and up 166 from the 911
counted in November 2017. The average Canadian rig count for
November 2018 was 198, up 6 from the 192 counted in October 2018,
and down 6 from the 204 counted in November 2017.
The worldwide rig count for November 2018 was 2,266, down 5 from
the 2,271 counted in October 2018, and up 209 from the 2,057
counted in November 2017.
November 2018 Rig Counts
November 2018
October 2018
November 2017
Land Offshore
Total
Month Variance
Land Offshore
Total Land
Offshore Total
Latin America 161 28 189 -4 168 25 193 157 24 181 Europe 56 27 83
-9 56 36 92 59 26 85 Africa 87 16 103 -4 88 19 107 74 11 85 Middle
East 344 50 394 -10 356 48 404 339 39 378 Asia Pacific 137
85 222 1 142 79
221 130 83 213
International 785 206 991 -26
810 207 1,017 759 183 942
United States 1,055 22 1,077 15 1,041 21 1,062 891 20 911
Canada 196 2 198 6 190
2 192 203 1
204
North America 1,251 24 1,275
21 1,231 23 1,254 1,094
21 1,115
Worldwide 2,036 230
2,266 -5 2,041
230 2,271 1,853
204 2,057
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/20181207005011/en/
Media Relations:Melanie Kania, +1
713-439-8303melanie.kania@bhge.com
Yulia Caris, +44 7827-35-4283yulia.caris@bhge.com
or
Investor Relations:Philipp Mueller, +1
281-809-9088investor.relations@bhge.com
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