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Press release from PR Newswire

Baker Hughes Announces May 2014 Rig Counts

Friday, June 06, 2014

Baker Hughes Announces May 2014 Rig Counts

06:00 EDT Friday, June 06, 2014

HOUSTON, June 6, 2014 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for May 2014 was 1,350, up 1 from the 1,349 counted in April 2014, and up 67 from the 1,283 counted in May 2013. The international offshore rig count for May 2014 was 326, down 3 from the 329 counted in April 2014, and down 1 from the 327 counted in May 2013. 

The average U.S. rig count for May 2014 was 1,859, up 24 from the 1,835 counted in April 2014, and up 92 from the 1,767 counted in May 2013. The average Canadian rig count for May 2014 was 162, down 42 from the 204 counted in April 2014, and up 34 from the 128 counted in May 2013.

The worldwide rig count for May 2014 was 3,371, down 17 from the 3,388 counted in April 2014, and up 193 from the 3,178 counted in May 2013.      

May 2014 Rotary Rig Counts

May 2014

Month

April 2014

May 2013

Land

Offshore

Total

Variance

Land

Offshore

Total

Land

Offshore

Total

Latin America

333

71

404

1

337

66

403

330

94

424

Europe

93

56

149

-2

93

58

151

78

46

124

Africa

100

40

140

4

96

40

136

87

37

124

Middle East

367

47

414

7

361

46

407

318

44

362

Asia Pacific

131

112

243

-9

133

119

252

143

106

249

International

1,024

326

1,350

1

1,020

329

1,349

956

327

1,283

United States

1,801

58

1,859

24

1,784

51

1,835

1,715

52

1,767

Canada

160

2

162

-42

201

3

204

126

2

128

North America

1,961

60

2,021

-18

1,985

54

2,039

1,841

54

1,895

Worldwide

2,985

386

3,371

-17

3,005

383

3,388

2,797

381

3,178

 

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: 

Melanie Kania, + 1.713.439.8303, melanie.kania@bakerhughes.com

Investor Relations: 

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

Alondra Oteyza, +1.713.439.8822, alondra.oteyza@bakerhughes.com

SOURCE Baker Hughes Incorporated

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