Market Overview

Baker Hughes Announces July 2020 Rig Counts

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Baker Hughes (NYSE:BKR) announced today that the Baker Hughes international rig count for July 2020 was 743 down 38 from the 781 counted in June 2020, and down 419 from the 1,162 counted in July 2019. The international offshore rig count for July 2020 was 183, down 11 from the 194 counted in June 2020, and down 72 from the 255 counted in July 2019.

The average U.S. rig count for July 2020 was 255, down 19 from the 274 counted in June 2020, and down 700 from the 955 counted in July 2019. The average Canadian rig count for July 2020 was 32, up 14 from the 18 counted in June 2020, and down 89 from the 121 counted in July 2019.

The worldwide rig count for July 2020 was 1,030, down 43 from the 1,073 counted in June 2020, and down 1,208 from the 2,238 counted in July 2019.

July 2020 Rig Counts

July 2020

June 2020

July 2019

Land Offshore Total Month
Variance
Land Offshore Total Land Offshore Total
 
Latin America

43

31

74

3

40

31

71

168

33

201

Europe

82

23

105

-5

85

25

110

148

52

200

Africa

55

1

56

-4

57

3

60

92

19

111

Middle East

277

38

315

-28

299

44

343

367

57

424

Asia Pacific

103

90

193

-4

106

91

197

132

94

226

International

560

183

743

-38

587

194

781

907

255

1,162

 
United States

243

12

255

-19

262

12

274

930

25

955

Canada

31

1

32

14

16

2

18

118

3

121

North America

274

13

287

-5

278

14

292

1,048

28

1,076

 
Worldwide

834

196

1,030

-43

865

208

1,073

1,955

283

2,238

 

Beginning September 2020, the monthly international rig count will be distributed using the same email alert-based subscription system as the weekly North America rig count. A monthly press release will no longer be distributed following the August 2020 rig count. The subscription system is available free-of-charge and is available by clicking here to join on the rig count website.

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.

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 last working day of the first week of the month at 5:00 a.m. Central Time. Additional detailed information on the Baker Hughes rig counts is available on our rig count site.

About Baker Hughes:

Baker Hughes (NYSE:BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and with operations in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com

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