Baker Hughes Announces December 2014 Rig Counts

News provided by

Baker Hughes Incorporated

Jan 09, 2015, 06:00 ET

HOUSTON, Jan. 9, 2015 /PRNewswire/ -- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for December 2014 was 1,313, down 11 from the 1,324 counted in November 2014, and down 22 from the 1,335 counted in December 2013. The international offshore rig count for December 2014 was 338, down 3 from the 341 counted in November 2014, and up 32 from the 306 counted in December 2013. 

The average U.S. rig count for December 2014 was 1,882, down 43 from the 1,925 counted in November 2014, and up 111 from the 1,771 counted in December 2013. The average Canadian rig count for December 2014 was 375, down 46 from the 421 counted in November 2014, and up 3 from the 372 counted in December 2013.

The worldwide rig count for December 2014 was 3,570, down 100 from the 3,670 counted in November 2014, and up 92 from the 3,478 counted in December 2013.      

December 2014 Rotary Rig Counts




Dec 2014

Month

Nov 2014

Dec 2013



Land

Offshore

Total

Variance

Land

Offshore

Total

Land

Offshore

Total

















Latin America

287

82

369

-6

292

83

375

341

76

417

Europe

97

51

148

-1

97

52

149

87

39

126

Africa

91

47

138

-4

94

48

142

102

36

138

Middle East

358

45

403

0

358

45

403

359

46

405

Asia Pacific

142

113

255

0

142

113

255

140

109

249

International

975

338

1,313

-11

983

341

1,324

1,029

306

1,335

















United States

1,823

59

1,882

-43

1,872

53

1,925

1,710

61

1,771

Canada

373

2

375

-46

420

1

421

370

2

372

North America

2,196

61

2,257

-89

2,292

54

2,346

2,080

63

2,143
















Worldwide

3,171

399

3,570

-100

3,275

395

3,670

3,109

369

3,478
































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 United States, 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 US and Canadian drilling activity.  Baker Hughes initiated the monthly international rig count in 1975.

North American rig count data 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 5th working day of the month.  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 61,000-plus 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: 

Trey Clark, +1.713.439.8039, [email protected]

Alondra Oteyza, +1.713.439.8822, [email protected]

SOURCE Baker Hughes Incorporated

Related Links

http://www.bakerhughes.com

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