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Press release from PR Newswire

Baker Hughes Announces February 2014 Rig Counts

Friday, March 07, 2014

Baker Hughes Announces February 2014 Rig Counts

06:00 EST Friday, March 07, 2014

HOUSTON, March 7, 2014 /PRNewswire/ -- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for February 2014 was 1,341, up 16 from the 1,325 counted in January 2014, and up 66 from the 1,275 counted in February 2013. The international offshore rig count for February 2014 was 318, up 16 from the 302 counted in January 2014, and down 5 from the 323 counted in February 2013. 

The average U.S. rig count for February 2014 was 1,769, unchanged from the count in January 2014, and up 7 from the 1,762 counted in February 2013. The average Canadian rig count for February 2014 was 626, up 122 from the 504 counted in January 2014, and down 16 from the 642 counted in February 2013.

The worldwide rig count for February 2014 was 3,736, up 138 from the 3,598 counted in January 2014, and up 57 from the 3,679 counted in February 2013.      

February 2014 Rotary Rig Counts

February 2014

Month

January 2014

February 2013

Land

Offshore

Total

Variance

Land

Offshore

Total

Land

Offshore

Total

Latin America

327

73

400

-1

328

73

401

339

88

427

Europe

91

41

132

6

87

39

126

82

53

135

Africa

114

40

154

15

106

33

139

77

36

113

Middle East

351

45

396

-7

360

43

403

308

42

350

Asia Pacific

140

119

259

3

142

114

256

146

104

250

International

1,023

318

1,341

16

1,023

302

1,325

952

323

1,275

United States

1,714

55

1,769

0

1,711

58

1,769

1,708

54

1,762

Canada

625

1

626

122

503

1

504

641

1

642

North America

2,339

56

2,395

122

2,214

59

2,273

2,349

55

2,404

Worldwide

3,362

374

3,736

138

3,237

361

3,598

3,301

378

3,679

About the Baker Hughes Rig CountsThe 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

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