Baker Hughes Announces January 2017 Rig Counts

HOUSTON–(BUSINESS WIRE)–Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for January 2017 was 933, up 4 from the 929 counted in December 2016, and down 112 from the 1,045 counted in January 2016. The international offshore rig count for January 2017 was 206, down 4 from the 210 counted in December 2016, and down 36 from the 242 counted in January 2016.

The average U.S. rig count for January 2017 was 683, up 49 from the 634 counted in December 2016, and up 29 from the 654 counted in January 2016. The average Canadian rig count for January 2017 was 302, up 93 from the 209 counted in December 2016, and up 110 from the 192 counted in January 2016.

The worldwide rig count for January 2017 was 1,918, up 146 from the 1,772 counted in December 2016, and up 27 from the 1,891 counted in January 2016.

January 2017 Rotary Rig Counts

			January 2017						December 2016									January 2016
			Land		Offshore		Total		Month Variance		Land		Offshore		Total			Land		Offshore		Total
	Latin America		142		34		176		-8		152		32		184			192		51		243
	Europe		67		31		98		-1		64		35		99			73		35		108
	Africa		68		11		79		1		67		11		78			68		26		94
	Middle East		334		48		382		6		331		45		376			352		55		407
	Asia Pacific		116		82		198		6		105		87		192			118		75		193
	International		727		206		933		4		719		210		929			803		242		1,045
	United States		659		24		683		49		611		23		634			627		27		654
	Canada		301		1		302		93		207		2		209			190		2		192
	North America		960		25		985		142		818		25		843			817		29		846
	Worldwide		1,687		231		1,918		146		1,537		235		1,772			1,620		271		1,891

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 33,000 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.