July 2020 Rig Counts from Baker Hughes

Source: press release, 7 August 2020

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 July 2020 was 743 down 38 from the 781 counted in June 2020, and down 419 from the 1,162 counted in July 2019. The international offshore rig count for July 2020 was 183, down 11 from the 194 counted in June 2020, and down 72 from the 255 counted in July 2019.

The average U.S. rig count for July 2020 was 255, down 19 from the 274 counted in June 2020, and down 700 from the 955 counted in July 2019. The average Canadian rig count for July 2020 was 32, up 14 from the 18 counted in June 2020, and down 89 from the 121 counted in July 2019.

The worldwide rig count for July 2020 was 1,030, down 43 from the 1,073 counted in June 2020, and down 1,208 from the 2,238 counted in July 2019.

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.