ROHSTOFF INTERNATIONAL

12:00 | 07.03.2018
Baker Hughes, a GE Company Announces February 2018 Rig Counts

Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker
Hughes international rig count for February 2018 was 979, up 19 from the
960 counted in January 2018, and up 38 from the 941 counted in February
2017. The international offshore rig count for February 2018 was 194,
down 2 from the 196 counted in January 2018, and down 6 from the 200
counted in February 2017.

The average U.S. rig count for February 2018 was 969, up 32 from the 937
counted in January 2018, and up 225 from the 744 counted in February
2017. The average Canadian rig count for February 2018 was 323, up 45
from the 278 counted in January 2018, and down 19 from the 342 counted
in February 2017.

The worldwide rig count for February 2018 was 2,271, up 96 from the
2,175 counted in January 2018, and up 244 from the 2,027 counted in
February 2017.

February 2018 Rig Counts

 

 

 

 

 

 
February 2018
 

 

 

 

 
January 2018
 

 

 

 

 

 
February 2017

 

 

 

 

 

 

 
Land
 

 
Offshore
 

 
Total
 

 

 

 

 
Month Variance
 

 
Land
 

 
Offshore
 

 
Total
 

 

 

 

 

 
Land
 

 
Offshore
 

 
Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Latin America

169

30

199

8

165

26

191

147

32

179

Europe

55

29

84

0

57

27

84

69

38

107

Africa

74

16

90

10

69

11

80

68

9

77

Middle East

356

40

396

13

342

41

383

337

45

382

Asia Pacific

131

 

 

79

 

 

210

-12

 

 

 

131

 

 

91

 

 

222

120

 

 

76

 

 

196
International

785

194

979

19

764

196

960

741

200

941

 

United States

952

17

969

32

919

18

937

724

20

744

Canada

321

 

 

2

 

 

323

45

 

 

 

277

 

 

1

 

 

278

340

 

 

2

 

 

342
North America

1,273

19

1,292

77

1,196

19

1,215

1,064

22

1,086

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Worldwide

2,058
 

 
213
 

 
2,271

96
 

 

 
1,960
 

 
215
 

 
2,175

1,805
 

 
222
 

 
2,027
 

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 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: http://www.businesswire.com/news/home/20180307005258/en/


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