October 2022 Rig Counts from Baker Hughes

Source: press release, 4 November 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 32 rigs from last month to 911 with land rigs up 28 to 688, offshore rigs up 4 to 223.

International Rig Count is up 111 rigs from last year’s count of 800, with land rigs up 67, offshore rigs up 44.

The average US Rig Count for October was 768 up 5 from last month’s count of 763 and up 230 year-over-year.

The average Canada Rig Count for October was 214 up 3 from last month’s count of 211 and up 48 year-over-year.

The Worldwide Rig Count for October was 1,893, up 40 from the 1,853 counted in September 2022, and up 389 from the 1,504 counted in October 2021.

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