May 2019 Rig Counts from BHGE

Source: press release, 7 June 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 May 2019 was 1,126, up 64 from the 1,062 counted in April 2019, and up 159 from the 967 counted in May 2018. The international offshore rig count for May 2019 was 240, down 11 from the 251 counted in April 2019, and up 42 from the 198 counted in May 2018.

The average US rig count for May 2019 was 986, down 26 from the 1,012 counted in April 2019, and down 60 from the 1,046 counted in May 2018. The average Canadian rig count for May 2019 was 70, up 4 from the 66 counted in April 2019, and down 13 from the 83 counted in May 2018.

The worldwide rig count for May 2019 was 2,182, up 42 from the 2,140 counted in April 2019, and up 86 from the 2,096 counted in May 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.