Baker Hughes Announces October 2016 Rig Counts

Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for October 2016 was 920, down 14 from the 934 counted in September 2016, and down 191 from the 1,111 counted in October 2015. The international offshore rig count for October 2016 was 200, down 21 from the 221 counted in September 2016, and down 70 from the 270 counted in October 2015.

The average U.S. rig count for October 2016 was 544, up 35 from the 509 counted in September 2016, and down 247 from the 791 counted in October 2015. The average Canadian rig count for October 2016 was 156, up 15 from the 141 counted in September 2016, and down 28 from the 184 counted in October 2015.

The worldwide rig count for October 2016 was 1,620, up 36 from the 1,584 counted in September 2016, and down 466 from the 2,086 counted in October 2015.

October 2016 Rotary Rig Counts
                                                           
  October 2016         September 2016     October 2015
    Land     Offshore     Total    

Month Variance
    Land     Offshore     Total     Land     Offshore     Total
                       
Latin America 153 30 183 -6 151 38 189 239 55 294
Europe 63 24 87 -5 56 36 92 65 43 108
Africa 67 10 77 0 68 9 77 64 29 93
Middle East 339 52 391 5 336 50 386 349 54 403
Asia Pacific 98     84     182 -8 102     88     190 124     89     213
International 720 200 920 -14 713 221 934 841 270 1,111
 
United States 521 23 544 35 491 18 509 758 33 791
Canada 154     2     156 15 140     1     141 183     1     184
North America 675 25 700 50 631 19 650 941 34 975
                                           
Worldwide 1,395     225     1,620 36 1,344     240     1,584 1,782     304     2,086
 

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.

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