BHI. Baker Hughes

Baker Hughes Announces September 2016 Rig Counts

Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for September 2016 was 934 down 3 from the 937 counted in August 2016, and down 206 from the 1,140 counted in September 2015. The international offshore rig count for September 2016 was 221, down 7 from the 228 counted in August 2016, and down 47 from the 268 counted in September 2015.

The average U.S. rig count for September 2016 was 509, up 28 from the 481 counted in August 2016, and down 339 from the 848 counted in September 2015. The average Canadian rig count for September 2016 was 141, up 12 from the 129 counted in August 2016, and down 42 from the 183 counted in September 2015.

The worldwide rig count for September 2016 was 1,584, up 37 from the 1,547 counted in August 2016, and down 587 from the 2,171 counted in September 2015.

September 2016 Rotary Rig Counts

                                                       
    September 2016         August 2016     September 2015
      Land   Offshore     Total    

Month

Variance

    Land   Offshore     Total     Land   Offshore     Total
                 
Latin America 151 38 189 2 150 37 187 266 55 321
Europe 56 36 92 -4 58 38 96 62 47 109
Africa 68 9 77 -4 70 11 81 71 25 96
Middle East 336 50 386 7 329 50 379 349 47 396
Asia Pacific 102   88     190 -4 102   92     194 124   94     218
International 713 221 934 -3 709 228 937 872 268 1,140
 
United States 491 18 509 28 464 17 481 816 32 848
Canada 140   1     141 12 128   1     129 181   2     183
North America 631 19 650 40 592 18 610 997 34 1,031
                                     
Worldwide 1,344   240     1,584 37 1,301   246     1,547 1,869   302     2,171
 

About the Baker Hughes Rig Counts

The Baker Hughes Rotary 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. Baker Hughes has issued the rotary 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. Baker Hughes initiated the monthly international rig count 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.

Baker Hughes is a leading supplier of oilfield services, products, technology and systems to the worldwide oil and natural gas industry. The company's 36,000 employees today work in more than 80 countries helping customers find, evaluate, drill, produce, transport and process hydrocarbon resources. For more information about Baker Hughes, visit: www.bakerhughes.com.

EN
07/10/2016

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Baker Hughes

 PRESS RELEASE

Baker Hughes Secures Order for Rio Grande LNG Expansion

Baker Hughes Secures Order for Rio Grande LNG Expansion Award from Bechtel includes supply of the main liquefaction equipment, comprising gas turbine and compressor technology for NextDecade’s Rio Grande LNG Train 4Technology replicates proven solutions for the project’s first three trains, supporting an additional LNG production capacity of approximately 6 MTPA at the facility HOUSTON and LONDON, Sept. 11, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Thursday an award from engineering company Bechtel Energy Inc. (Bechtel) to supply main li...

 PRESS RELEASE

Baker Hughes to Supply Integrated Subsea, Completion Systems for Turki...

Baker Hughes to Supply Integrated Subsea, Completion Systems for Turkish Petroleum’s Sakarya Gas Field Phase 3 Technologies will optimize offshore production in the Sakarya Gas FieldBaker Hughes to deliver deepwater horizontal tree systems with associated technologyIntegrated approach will enhance operating efficiencies HOUSTON and LONDON, Sept. 11, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Thursday a significant award from Turkish Petroleum (TPAO) and Turkish Petroleum Offshore Technology Center (TP-OTC) to supply subsea production and ...

 PRESS RELEASE

Baker Hughes Selected by Fervo Energy to Deliver Geothermal Power Gene...

Baker Hughes Selected by Fervo Energy to Deliver Geothermal Power Generation Equipment for Innovative New Power Plants Baker Hughes to design and deliver key equipment for geothermal Organic Rankine Cycle (ORC) power plants at Fervo’s Cape Station Phase II project in UtahAward includes Baker Hughes turboexpander, BRUSH™ Power Generation generator and other related equipment HOUSTON and LONDON, Sept. 02, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Tuesday an award from Fervo Energy Company, the leader in next-generation geothermal energy, ...

 PRESS RELEASE

Baker Hughes Awarded Long-Term Service Agreement by bp for Tangguh LNG...

Baker Hughes Awarded Long-Term Service Agreement by bp for Tangguh LNG Operations, Supporting Indonesia's Energy Future Ninety-month agreement covers critical parts, services and technical support for turbomachinery equipmentAgreement underscores Baker Hughes' commitment to supporting safe and reliable LNG production in Asia-Pacific region HOUSTON and LONDON, Aug. 26, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Tuesday a long-term service agreement award from bp for its Tangguh Liquefied Natural Gas (LNG) plant in Papua Barat, Indonesia....

 PRESS RELEASE

Baker Hughes Completes Acquisition of Continental Disc Corporation

Baker Hughes Completes Acquisition of Continental Disc Corporation HOUSTON and LONDON, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Thursday it has completed its all-cash, $540 million acquisition of Continental Disc Corporation (CDC) from investment partnerships managed by Tinicum Incorporated. The transaction brings a to Baker Hughes’ existing valves product line, expanding the company’s addressable market in the flow control market with the addition of CDC’s well-established critical pressure management solutions. The acquisiti...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch