Market Overview

Baker Hughes Announces May 2017 Rig Counts

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Baker Hughes Incorporated (NYSE:BHI) announced today that the
international rig count for May 2017 was 957, up 1 from the 956 counted
in April 2017, and up 2 from the 955 counted in May 2016. The
international offshore rig count for May 2017 was 202, up 1 from the 201
counted in April 2017, and down 27 from the 229 counted in May 2016.

The average U.S. rig count for May 2017 was 893, up 40 from the 853
counted in April 2017, and up 485 from the 408 counted in May 2016. The
average Canadian rig count for May 2017 was 85, down 23 from the 108
counted in April 2017, and up 43 from the 42 counted in May 2016.

The worldwide rig count for May 2017 was 1,935, up 18 from the 1,917
counted in April 2017, and up 530 from the 1,405 counted in May 2016.

May 2017 Rotary Rig Counts

 
 

May 2017

   

April 2017

  May 2016
   

Month

       
    Land   Offshore   Total  

Variance

  Land   Offshore   Total   Land   Offshore   Total
 
Latin America 155 35 190 8 150 32 182 158 30 188
Europe 60 35 95 4 60 31 91 53 42 95
Africa 69 15 84 -5 76 13 89 71 20 91
Middle East 350 41 391 2 344 45 389 340 51 391
Asia Pacific 121   76   197 -8 125   80   205 104   86   190

International

755 202 957

1

755 201 956 726 229 955
 
United States 871 22 893 40 833 20 853 384 24 408
Canada 83   2   85 -23 108   0   108 40   2   42
North America 954 24 978 17 941 20 961 424 26 450
           
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