February 2019 rig counts from BHGE

Source: press release, 7 March 2019

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 has announced that the Baker Hughes international rig count for February 2019 was 1,027, up 3 from the 1,024 counted in January 2019, and up 48 from the 979 counted in February 2018. The international offshore rig count for February 2019 was 250, up 8 from the 242 counted in January 2019, and up 56 from the 194 counted in February 2018.

The average U.S. rig count for February 2019 was 1,049, down 16 from the 1,065 counted in January 2019, and up 80 from the 969 counted in February 2018. The average Canadian rig count for February 2019 was 230, up 54 from the 176 counted in January 2019, and down 93 from the 323 counted in February 2018.

The worldwide rig count for February 2019 was 2,306, up 41 from the 2,265 counted in January 2019, and up 135 from the 2,171 counted in February 2018.

The Baker Hughes rig counts comprise the total 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.

Additional detailed information on the Baker Hughes rig counts is available at the BHGE website.