The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from PR Newswire

Baker Hughes Announces October 2013 Rig Counts

Thursday, November 07, 2013

Baker Hughes Announces October 2013 Rig Counts

06:00 EST Thursday, November 07, 2013

HOUSTON, Nov. 7, 2013 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for October 2013 was 1,315, up 31 from the 1,284 counted in September 2013, and up 56 from the 1,259 counted in October 2012. The international offshore rig count for October 2013 was 316, up 3 from the 313 counted in September 2013, and up 10 from the 306 counted in October 2012. 

The average U.S. rig count for October 2013 was 1,744, down 16 from the 1,760 counted in September 2013, and down 90 from the 1,834 counted in October 2012. The average Canadian rig count for October 2013 was 378, down 9 from the 387 counted in September 2013, and up 13 from the 365 counted in October 2012.

The worldwide rig count for October 2013 was 3,437, up 6 from the 3,431 counted in September 2013, and down 21 from the 3,458 counted in October 2012.

October 2013 Rotary Rig Counts

October 2013

Month

September 2013

October 2012

Land

Offshore

Total

Variance

Land

Offshore

Total

Land

Offshore

Total

Latin America

332

88

420

16

319

85

404

329

83

412

Europe

90

46

136

-3

88

51

139

76

48

124

Africa

96

35

131

12

84

35

119

74

30

104

Middle East*

342

41

383

4

337

42

379

334

43

377

Asia Pacific

139

106

245

2

143

100

243

140

102

242

International

999

316

1,315

31

971

313

1,284

953

306

1,259

United States

1,683

61

1,744

-16

1,695

65

1,760

1,785

49

1,834

Canada

374

4

378

-9

382

5

387

364

1

365

North America

2,057

65

2,122

-25

2,077

70

2,147

2,149

50

2,199

Worldwide

3,056

381

3,437

6

3,048

383

3,431

3,102

356

3,458

* The Middle East rig count excludes rigs in Syria for September and October 2013.

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 60,000-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:    

Christine Mathers, + 1.713.439.8738, christine.mathers@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