Baker Hughes, a GE company Announces July 2018 Rig Counts

Source: press release, 7 August 2018

International rig counts from Baker Hughes
Baker Hughes has issued rig counts as a service to the petroleum industry since 1944, when Hughes Tool Company began weekly counts of the US and Canadian drilling activity (photo: Baker Hughes)

Baker Hughes, a GE company (BHGE) has announced that the Baker Hughes international rig count for July 2018 was 997, up 38 from the 959 counted in June 2018, and up 38 from the 959 counted in July 2017. The international offshore rig count for July 2018 was 217, up 22 from the 195 counted in June 2018, and up 13 from the 204 counted in July 2017.

The average U.S. rig count for July 2018 was 1,050, down 6 from the 1,056 counted in June 2018, and up 97 from the 953 counted in July 2017. The average Canadian rig count for July 2018 was 204, up 67 from the 137 counted in June 2018, and up 6 from the 198 counted in July 2017.

The worldwide rig count for July 2018 was 2,251, up 99 from the 2,152 counted in June 2018, and up 141 from the 2,110 counted in July 2017.

The Baker Hughes rig counts are counts of the number of drilling rigs actively exploring for or developing oil or natural gas in the US, Canada and international markets. The company has issued the rig counts as a service to the petroleum industry since 1944, when Hughes Tool Company began weekly counts of the US and Canadian drilling activity. The monthly international rig count was initiated in 1975.