Market Overview

Baker Hughes Announces August 2020 Rig Counts

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Baker Hughes (NYSE:BKR) announced today that the Baker Hughes international rig count for August 2020 was 747 up 4 from the 743 counted in July 2020, and down 391 from the 1,138 counted in August 2019. The international offshore rig count for August 2020 was 184, up 1 from the 183 counted in July 2020, and down 60 from the 244 counted in August 2019.

The average U.S. rig count for August 2020 was 250, down 5 from the 255 counted in July 2020, and down 679 from the 926 counted in August 2019. The average Canadian rig count for August 2020 was 53, up 21 from the 32 counted in July 2020, and down 89 from the 142 counted in August 2019.

The worldwide rig count for August 2020 was 1,050, up 20 from the 1,030 counted in July 2020, and down 1,156 from the 2,206 counted in August 2019.

August 2020 Rig Counts

     

August 2020

       

July 2020

   

August 2019

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

45

 

30

 

75

   

1

43

 

31

 

74

 

164

 

30

 

194

 
  Europe

84

 

25

 

109

   

4

82

 

23

 

105

 

142

 

51

 

193

 
  Africa

60

 

2

 

62

   

6

55

 

1

 

56

 

97

 

18

 

115

 
  Middle East

262

 

39

 

301

   

-14

277

 

38

 

315

 

363

 

53

 

416

 
  Asia Pacific

112

 

88

 

200

   

7

103

 

90

 

193

 

128

 

92

 

220

 
  International

563

 

184

 

747

   

4

560

 

183

 

743

 

894

 

244

 

1,138

 
                       
  United States

237

 

13

 

250

   

-5

243

 

12

 

255

 

900

 

26

 

926

 
  Canada

51

 

2

 

53

   

21

31

 

1

 

32

 

139

 

3

 

142

 
  North America

288

 

15

 

303

   

16

274

 

13

 

287

 

1,039

 

29

 

1,068

 
                       
  Worldwide

851

 

199

 

1,050

   

20

834

 

196

 

1,030

 

1,933

 

273

 

2,206

 
                                                 

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 today's 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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