Baker Hughes Announces July 2012 Rig Counts

HOUSTON, Aug. 7, 2012 /PRNewswire/ — Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for July 2012 was 1,264, down 21 from the 1,285 counted in June 2012, and up 114 from the 1,150 counted in July 2011. The international offshore rig count for July 2012 was 286, down 19 from the 305 counted in June 2012 and down 21 from the 307 counted in July 2011.

The average U.S. rig count for July 2012 was 1,945, down 27 from the 1,972 counted in June 2012 and up 45 from the 1,900 counted in July 2011. The average Canadian rig count for July 2012 was 307, up 80 from the 227 counted in June 2012 and down 40 from the 347 counted in July 2011.

The worldwide rig count for July 2012 was 3,516, up 32 from the 3,484 counted in June 2012 and up 119 from the 3,397 counted in July 2011.

July 2012 Rotary Rig Counts

July 2012 Month June 2012 July 2011
Land OS Total Variance Land OS Total Land OS Total
Europe 72 38 110 -5 71 44 115 73 47 120
Middle East* 352 49 401 1 349 51 400 247 40 287
Africa 80 25 105 -1 69 37 106 37 24 61
Latin America 337 78 415 -20 352 83 435 344 94 438
Asia Pacific 137 96 233 4 139 90 229 142 102 244
International 978 286 1,264 -21 980 305 1,285 843 307 1,150
United States 1,894 51 1,945 -27 1,922 50 1,972 1,865 35 1,900
Canada 304 3 307 80 224 3 227 346 1 347
North America 2,198 54 2,252 53 2,146 53 2,199 2,211 36 2,247
Worldwide 3,176 340 3,516 32 3,126 358 3,484 3,054 343 3,397
* Middle East rig count for July 2011 does not include Iraq

 

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 58,000-plus employees today work in more than 80 countries helping customers find, evaluate, drill, produce, transport and process hydrocarbon resources. For more information on Baker Hughes’ century-long history, visit www.bakerhughes.com

 

Source: Baker Hughes Press Room

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