February 2022 Rig Counts from Baker Hughes

Source: press release, 4 March 2022

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 posted its monthly International Rig Count reports.

International Rig Count is down 28 rigs from last month to 813 with land rigs down 21 to 625, offshore rigs down 7 to 188.

International Rig Count is up 112 rigs from last year’s count of 701, with land rigs up 89, offshore rigs up 23.

The average US Rig Count for February was 636 up 35 from last month’s count of 601 and up 238 year-over-year.

The average Canada Rig Count for February was 220 up 30 from last month’s count of 190 and up 49 year-over-year.

The Worldwide Rig Count for February was 1,669, up 37 from the 1,632 counted in January 2022, and up 399 from the 1,270 counted in February 2021.

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