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Baker Hughes, a GE company Announces June 2019 Rig Counts


HOUSTON & LONDON–(BUSINESS WIRE)–Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for June 2019 was 1,138, up 12 from the 1,126 counted in May 2019, and up 179 from the 959 counted in June 2018. The international offshore rig count for June 2019 was 246, up 6 from the 240 counted in May 2019, and up 51 from the 195 counted in June 2018.

The average U.S. rig count for June 2019 was 969, down 17 from the 986 counted in May 2019, and down 87 from the 1,056 counted in June 2018. The average Canadian rig count for June 2019 was 114, up 44 from the 70 counted in May 2019, and down 23 from the 137 counted in June 2018.

The worldwide rig count for June 2019 was 2,221, up 39 from the 2,182 counted in May 2019, and up 69 from the 2,152 counted in June 2018.

June 2019 Rig Counts

June 2019

May 2019

June 2018

Land

Offshore

Total

Month
Variance

Land

Offshore

Total

Land

Offshore

Total

Latin America

162

27

189

10

149

30

179

154

26

180

Europe

144

49

193

7

142

44

186

48

30

78

Africa

95

21

116

-7

101

22

123

76

18

94

Middle East

359

54

413

3

356

54

410

350

42

392

Asia Pacific

132

95

227

-1

138

90

228

136

79

215

International

892

246

1,138

12

886

240

1,126

764

195

959

United States

945

24

969

-17

965

21

986

1,037

19

1,056

Canada

111

3

114

44

67

3

70

134

3

137

North America

1,056

27

1,083

27

1,032

24

1,056

1,171

22

1,193

Worldwide

1,948

273

2,221

39

1,918

264

2,182

1,935

217

2,152

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. Due to the U.S. holiday this week, the North America rig count will be released today, July 03, 2019 at noon Central Time.

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.



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