November 2022 Rig Counts from Baker Hughes

Source: press release, 2 December 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 1 rig from last month to 910 with land rigs unchanged at 688, offshore rigs down 1 to 222.

International Rig Count is up 93 rigs from last year’s count of 817, with land rigs up 60, offshore rigs up 33.

The average U.S. Rig Count for November was 779 up 11 from last month’s count of 768 and up 219 year-over-year.

The average Canada Rig Count for November was 201 down 13 from last month’s count of 214 and up 34 year-over-year.

The Worldwide Rig Count for November was 1,890, down 3 from the 1,893 counted in October 2022, and up 346 from the 1,544 counted in November 2021.

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