January 2023 Rig Counts from Baker Hughes

Source: press release, 3 February 2023

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 1 rig from last month to 901 with land rigs down 9 to 675, offshore rigs up 10 to 226.

International Rig Count is up 60 rigs from last year’s count of 841, with land rigs up 29, offshore rigs up 31.

The average US Rig Count for January was 772 down 7 from last month and up 171 year-over-year.

The average Canada Rig Count for January was up 71 rigs from last month’s count of 155 and up 36 year-over-year.

The Worldwide Rig Count for January was 1,899, up 65 from the 1,834 counted in December 2022, and up 267, from the 1,632 counted in January 2022.

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