Baker Hughes Announces April 2016 Rig Counts

HOUSTON, May 6, 2016 /PRNewswire/ -- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for April 2016 was 946, down 39 from the 985 counted in March 2016, and down 256 from the 1,202 counted in April 2015. The international offshore rig count for April 2016 was 220, up 9 from the 211 counted in March 2016, and down 80 from the 300 counted in April 2015.

The average U.S. rig count for April 2016 was 437, down 41 from the 478 counted in March 2016, and down 539 from the 976 counted in April 2015. The average Canadian rig count for April 2016 was 41, down 47 from the 88 counted in March 2016, and down 49 from the 90 counted in April 2015.

The worldwide rig count for April 2016 was 1,424, down 127 from the 1,551 counted in March 2016, and down 844 from the 2,268 counted in April 2015.

April 2016 Rotary Rig Counts

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 39,000 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.

CONTACTS:
Media Relations: Melanie Kania, + 1.713.439.8303, [email protected]
Investor Relations: Alondra Oteyza, +1.713.439.8822, [email protected]

SOURCE Baker Hughes Incorporated

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