July 2022 Rig Counts from Baker Hughes

Source: press release, 5 August 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 up 9 rigs from last month to 833 with land rigs up 12 to 633, offshore rigs down 3 to 200.

International Rig Count is up 82 rigs from last year’s count of 751, with land rigs up 58, offshore rigs up 24.

The average US Rig Count for July was 756 up 17 from last month’s count of 739 and up 272 year-over-year.

The average Canada Rig Count for May was 186 up 43 from last month’s count of 143 and up 41 year-over-year.

The Worldwide Rig Count for July was 1,775, up 69 from the 1,706 counted in June 2022,and up 395 from the 1,380 counted in July 2021.

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