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 January 2014 Rig Counts

Friday, February 07, 2014

Baker Hughes Announces January 2014 Rig Counts

06:00 EST Friday, February 07, 2014

HOUSTON, Feb. 7, 2014 /PRNewswire/ -- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for January 2014 was 1,325, down 10 from the 1,335 counted in December 2013, and up 46 from the 1,279 counted in January 2013. The international offshore rig count for January 2014 was 302, down 4 from the 306 counted in December 2013, and down 5 from the 307 counted in January 2013. 

The average U.S. rig count for January 2014 was 1,769, down 2 from the 1,771 counted in December 2013, and up 12 from the 1,757 counted in January 2013. The average Canadian rig count for January 2014 was 504, up 132 from the 372 counted in December 2013, and up 1 from the 503 counted in January 2013.

The worldwide rig count for January 2014 was 3,598, up 120 from the 3,478 counted in December 2013, and up 59 from the 3,539 counted in January 2013.      

January 2014 Rotary Rig Counts

January 2014

Month

December 2013

January 2013

Land

Offshore

Total

Variance

Land

Offshore

Total

Land

Offshore

Total

Latin America

328

73

401

-16

341

76

417

337

77

414

Europe

87

39

126

0

87

39

126

80

54

134

Africa

106

33

139

1

102

36

138

81

34

115

Middle East*

360

43

403

-2

359

46

405

334

45

379

Asia Pacific

142

114

256

7

140

109

249

140

97

237

International

1,023

302

1,325

-10

1,029

306

1,335

972

307

1,279

United States

1,711

58

1,769

-2

1,710

61

1,771

1,705

52

1,757

Canada

503

1

504

132

370

2

372

502

1

503

North America

2,214

59

2,273

130

2,080

63

2,143

2,207

53

2,260

Worldwide

3,237

361

3,598

120

3,109

369

3,478

3,179

360

3,539

*

The Middle East rig count excludes rigs in Syria for January 2014 and December 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 59,000-plus employees today work in more than 80 countries helping customers find, evaluate, drill, produce, transport and process hydrocarbon resources. For more information about Baker Hughes, 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