Baker Hughes : Announces August 2020 Rig Counts

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HOUSTON & LONDON--(BUSINESS WIRE)--Sep. 4, 2020-- Baker Hughes (NYSE: BKR) announced today that the Baker Hughes international rig count for August 2020 was 747 up 4 from the 743 counted in July 2020, and down 391 from the 1,138 counted in August 2019. The international offshore rig count for August 2020 was 184, up 1 from the 183 counted in July 2020, and down 60 from the 244 counted in August 2019.

The average U.S. rig count for August 2020 was 250, down 5 from the 255 counted in July 2020, and down 679 from the 926 counted in August 2019. The average Canadian rig count for August 2020 was 53, up 21 from the 32 counted in July 2020, and down 89 from the 142 counted in August 2019.

The worldwide rig count for August 2020 was 1,050, up 20 from the 1,030 counted in July 2020, and down 1,156 from the 2,206 counted in August 2019.

August 2020 Rig Counts

			August 2020					July2020			August2019
			Land		Offshore		Total			Month Variance		Land		Offshore		Total			Land		Offshore		Total
	Latin America	45		30		75			1	43		31		74		164		30		194
	Europe	84		25		109			4	82		23		105		142		51		193
	Africa	60		2		62			6	55		1		56		97		18		115
	Middle East	262		39		301			-14	277		38		315		363		53		416
	Asia Pacific	112		88		200			7	103		90		193		128		92		220
	International	563		184		747			4	560		183		743		894		244		1,138
	United States	237		13		250			-5	243		12		255		900		26		926
	Canada	51		2		53			21	31		1		32		139		3		142
	North America	288		15		303			16	274		13		287		1,039		29		1,068
	Worldwide	851		199		1,050			20	834		196		1,030		1,933		273		2,206

Beginning September 2020, the monthly international rig count will be distributed using the same email alert-based subscription system as the weekly North America rig count. A monthly press release will no longer be distributed following today's August 2020 rig count. The subscription system is available free-of-charge and is available by clicking here to join on the rig count website.

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 last working day of the first week of the month at 5:00 a.m. Central Time. Additional detailed information on the Baker Hughes rig counts is available on our rig count site.

About Baker Hughes:

Baker Hughes (NYSE: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and with operations in over 120 countries, our innovative technologies and services are taking energy forward - making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com

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Source: Baker Hughes