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
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November 2018
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October 2018
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November 2017
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Land
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Offshore
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Total
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Month
Variance
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Land
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Offshore
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Total
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Land
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Offshore
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Total
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Latin America
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161
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28
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189
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-4
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168
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25
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193
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157
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24
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181
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Europe
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56
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27
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83
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-9
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56
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36
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92
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59
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26
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85
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Africa
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87
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16
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103
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-4
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88
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19
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107
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74
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11
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85
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Middle East
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344
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50
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394
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-10
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356
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48
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404
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339
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39
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378
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Asia Pacific
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137
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85
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222
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1
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142
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79
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221
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130
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83
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213
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International
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785
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206
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991
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-26
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810
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207
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1,017
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759
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183
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942
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United States
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1,055
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22
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1,077
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15
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1,041
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21
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1,062
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891
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20
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911
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Canada
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196
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2
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198
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6
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190
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2
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192
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203
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1
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204
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North America
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1,251
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24
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1,275
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21
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1,231
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23
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1,254
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1,094
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21
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1,115
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Worldwide
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2,036
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230
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2,266
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-5
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2,041
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230
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2,271
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1,853
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204
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2,057
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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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181207005011/en/
Copyright Business Wire 2018
Source: Business Wire
(December 7, 2018 - 6:00 AM EST)
News by QuoteMedia
www.quotemedia.com
