The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from PR Newswire

Baker Hughes Announces March 2013 Rig Counts

Friday, April 05, 2013

Baker Hughes Announces March 2013 Rig Counts

06:00 EDT Friday, April 05, 2013

HOUSTON, April 5, 2013 /PRNewswire/ -- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for March 2013 was 1,268, down 7 from the 1,275 counted in February 2013, and up 76 from the 1,192 counted in March 2012. The international offshore rig count for March 2013 was 316, down 7 from the 323 counted in February 2013 and up 13 from the 303 counted in March 2012. 

The average U.S. rig count for March 2013 was 1,756, down 6 from the 1,762 counted in February 2013 and down 223 from the 1,979 counted in March 2012. The average Canadian rig count for March 2013 was 464, down 178 from the 642 counted in February 2013 and down 28 from the 492 counted in March 2012.

The worldwide rig count for March 2013 was 3,488, down 191 from the 3,679 counted in February 2013 and down 175 from the 3,663 counted in March 2012.      

March 2013 Rotary Rig Counts

March 2013

Month

February 2013

March 2012

Land

OS

Total

Variance

Land

OS

Total

Land

OS

Total

Europe

80

53

133

-2

82

53

135

67

42

109

Middle East*

295

41

336

-14

308

42

350

266

46

312

Africa

83

32

115

2

77

36

113

54

35

89

Latin America

352

85

437

10

339

88

427

351

87

438

Asia Pacific

142

105

247

-3

146

104

250

151

93

244

International

952

316

1,268

-7

952

323

1,275

889

303

1,192

United States

1,705

51

1,756

-6

1,708

54

1,762

1,936

43

1,979

Canada

462

2

464

-178

641

1

642

492

0

492

North America

2,167

53

2,220

-184

2,349

55

2,404

2,428

43

2,471

Worldwide

3,119

369

3,488

-191

3,301

378

3,679

3,317

346

3,663

*

The Middle East rig count excludes rigs in Syria for February and March 2013 and Iraq for March 2012.

About the Baker Hughes Rig Counts

The Baker Hughes Rotary Rig Counts are counts of the number of drilling rigs actively exploring for or developing oil or natural gas in the United States, Canada and international markets.  Baker Hughes has issued the rotary rig counts as a service to the petroleum industry since 1944, when Hughes Tool Company began weekly counts of US and Canadian drilling activity.  Baker Hughes initiated the monthly international rig count in 1975.

North American rig count data is scheduled to be released at noon central time on the last working day of each week.  The international rig count is scheduled to be released on the 5th working day of the month.  Additional detailed information on the Baker Hughes rig counts is available from our website.

Baker Hughes is a leading supplier of oilfield services, products, technology and systems to the worldwide oil and natural gas industry. The company's 58,000-plus employees today work in more than 80 countries helping customers find, evaluate, drill, produce, transport and process hydrocarbon resources. For more information on Baker Hughes' century-long history, visit www.bakerhughes.com.

CONTACTS:

Media Relations:          

Teresa Wong, +1.713.439.8110, teresa.wong@bakerhughes.com

Investor Relations:        

Trey Clark, +1.713.439.8039, trey.clark@bakerhughes.com

Eric Holcomb, +1.713.439.8822, eric.s.holcomb@bakerhughes.com

SOURCE Baker Hughes Incorporated

Products
  • Globe Unlimited

    Digital all access pass across devices. subscribe

  • The Globe and Mail Newspaper

    Newspaper delivered to your doorstep. subscribe

  • Globe2Go

    The digital replica of our newspaper. subscribe

  • Globe eBooks

    A collection of articles by the Globe. subscribe

See all Globe Products

Advertise with us

GlobeLink.ca

Your number one partner for reaching Canada's Influential Achievers. learn more

The Globe at your Workplace
Our Company
Customer Service
Globe Recognition
Mobile Apps
NEWS APP
INVESTING APP
Other Sections