October 2019 Rig Counts from Baker Hughes

Source: press release, 7 November 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 has announced that the Baker Hughes international rig count for October 2019 was 1,130, down 1 from the 1,131 counted in September 2019, and up 113 from the 1,017 counted in October 2018. The international offshore rig count for October 2019 was 242, unchanged from September 2019, and up 35 from the 207 counted in October 2018.

The average U.S. rig count for October 2019 was 848, down 30 from the 878 counted in October 2019, and down 214 from the 1,062 counted in October 2018. The average Canadian rig count for October 2019 was 145, up 13 from the 132 counted in September 2019, and down 47 from the 192 counted in October 2018.

The worldwide rig count for October 2019 was 2,123, down 18 from the 2,141 counted in September 2019, and down 148 from the 2,271 counted in October 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 here.