Baker Hughes, a GE company Announces May 2019 Rig Counts
June 07 2019 - 6:00AM
Business Wire
- The Baker Hughes International Rig
Count now includes active drilling rigs in Ukraine
Baker Hughes, a GE company (NYSE:BHGE) announced today that the
Baker Hughes international rig count for May 2019 was 1,126, up 64
from the 1,062 counted in April 2019, and up 159 from the 967
counted in May 2018. The international offshore rig count for May
2019 was 240, down 11 from the 251 counted in April 2019, and up 42
from the 198 counted in May 2018.
The average U.S. rig count for May 2019 was 986, down 26 from
the 1,012 counted in April 2019, and down 60 from the 1,046 counted
in May 2018. The average Canadian rig count for May 2019 was 70, up
4 from the 66 counted in April 2019, and down 13 from the 83
counted in May 2018.
The worldwide rig count for May 2019 was 2,182, up 42 from the
2,140 counted in April 2019, and up 86 from the 2,096 counted in
May 2018.
May 2019 Rig Counts
May 2019
April 2019
May 2018
Land Offshore
Total
MonthVariance
Land Offshore Total
Land Offshore
Total Latin
America 149 30 179 -11 158 32 190 150 24 174 Europe 142 44 186 88
57 41 98 52 28 80 Africa 101 22 123 -3 103 23 126 77 17 94 Middle
East 356 54 410 -2 356 56 412 353 48 401 Asia Pacific 138 90
228 -8 137 99 236 137 81 218
International
886 240 1,126 64 811 251
1,062 769 198 967 United States
965 21 986 -26 990 22 1,012 1,026 20 1,046 Canada 67 3
70 4 64 2 66 80 3 83
North
America 1,032 24 1,056 -22
1,054 24 1,078 1,106 23
1,129
Worldwide 1,918 264 2,182
42 1,865 275 2,140
1,875 221 2,096
See note to editor at the bottom of this press release.
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.
Note to editor: Effective today, Ukraine has been added
to the Baker Hughes International Rig Count. In May 2019, Ukraine
represented 84 of the 186 active drilling rigs in Europe, an
increase of 88 rigs compared to April 2019 and an increase of 106
rigs compared to May 2018. This addition is not reflected in
historical data.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190607005071/en/
Media Relations:Melanie Kania, +1
713-439-8303melanie.kania@bhge.com
or
Investor Relations:Philipp Mueller, +1
281-809-9088investor.relations@bhge.com
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