Baker Hughes: Rig Counts - August 2019 - eng

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Baker Hughes, a GE company (NYSE: BHGE) announced today that the Baker Hughes international rig count for August 2019 was 1,138, down 24 from the 1,162 counted in July 2019, and up 130 from the 1,008 counted in August 2018. The international offshore rig count for August 2019 was 244, down 11 from the 255 counted in July 2019, and up 32 from the 212 counted in August 2018.

The average U.S. rig count for August 2019 was 926, down 29 from the 955 counted in July 2019, and down 124 from the 1,050 counted in August 2018. The average Canadian rig count for August 2019 was 142, up 21 from the 121 counted in July 2019, and down 78 from the 220 counted in August 2018.

The worldwide rig count for August 2019 was 2,206, down 32 from the 2,238 counted in July 2019, and down 72 from the 2,278 counted in August 2018.

August 2019 Rig Counts

See note to editor at the bottom of this press release.

About the Baker Hughes Rig Counts

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