Baker Hughes Announces July 2016 Rig Counts

HOUSTON--(BUSINESS WIRE)--

Baker Hughes Incorporated BHI announced today that the international rig count for July 2016 was 938, up 11 from the 927 counted in June 2016, and down 180 from the 1,118 counted in July 2015. The international offshore rig count for July 2016 was 226, up 3 from the 223 counted in June 2016, and down 38 from the 264 counted in July 2015.

The average U.S. rig count for July 2016 was 449, up 32 from the 417 counted in June 2016, and down 417 from the 866 counted in July 2015. The average Canadian rig count for June 2016 was 94, up 31 from the 63 counted in June 2016, and down 89 from the 183 counted in July 2015.

The worldwide rig count for July 2016 was 1,481, up 74 from the 1,407 counted in June 2016, and down 686 from the 2,167 counted in July 2015.

July 2016 Rotary Rig Counts
				July 2016													June 2016										July 2015
				Land			Offshore			Total				Month Variance			Land			Offshore			Total				Land			Offshore			Total
Latin America				153			33			186				8			147			31			178				259			54			313
Europe				52			42			94				3			52			39			91				60			48			108
Africa				70			12			82				-5			68			19			87				69			25			94
Middle East				339			51			390				1			341			48			389				342			49			391
Asia Pacific				98			88			186				4			96			86			182				124			88			212
International				712			226			938				11			704			223			927				854			264			1,118
United States				429			20			449				32			396			21			417				835			31			866
Canada				92			2			94				31			63			0			63				179			4			183
North America				521			22			543				63			459			21			480				1,014			35			1,049
Worldwide				1,233			248			1,481				74			1,163			244			1,407				1,868			299			2,167

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 U.S., 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 the U.S. and Canadian drilling activity. Baker Hughes initiated the monthly international rig count in 1975.

The North American rig count 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 fifth working day of the month at 5:00 a.m. Central time. 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 36,000 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.

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