August 2022 Rig Counts from Baker Hughes

Source: press release, 2 September 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 27 rigs from last month to 860 with land rigs up 17 to 650, offshore rigs up 10 to 210.

International Rig Count is up 83 rigs from last year’s count of 777, with land rigs up 60, offshore rigs up 23.

The average US Rig Count for August was 764 up 8 from last month’s count of 756 and up 263 year-over-year.

The average Canada Rig Count for August was 201 up 15 from last month’s count of 186 and up 45 year-over-year.

The Worldwide Rig Count for August was 1,825, up 50 from the 1,775 counted in July 2022, and up 391 from the 1,434 counted in August 2021.

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