December 2020 Rig Counts from Baker Hughes

Source: press release, 8 January 2021

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 is down 4 rigs from last month to 665 with land rigs unchanged at 509, offshore rigs down 4 to 156.

International Rig Count is down 439 rigs from last year’s count of 1,104, with land rigs down 338, offshore rigs down 101.

The average US Rig Count for December was 339 up 29 from last month’s count of 310 and down 465 year-over-year.

The average Canada Rig Count for November was 100 up 5 from last month’s count of 95 and down 35 year-over-year.

The Worldwide Rig Count for December was 1,104, up 30 from the 1,074 counted in November 2020, and down 939 from the 2,043 counted in December 2019.

Additional detailed information on the Baker Hughes rig counts is available here.