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Friday, April 10, 2015

Baker Hughes Rig Count Continues Dramatic Decline

Baker Hughes Announces March 2015 Rig Counts

HOUSTONApril 8, 2015 /PRNewswire/ -- Baker Hughes Incorporated(NYSE: BHI) announced today that the international rig count for March 2015 was 1,251, down 24 from the 1,275 counted in February 2015, and down 94 from the 1,345 counted in March 2014. The international offshore rig count for March 2015 was 316, down 8 from the 324 counted in February 2015, and down 18 from the 334 counted in March 2014.
The average U.S. rig count for March 2015 was 1,110, down 238 from the 1,348 counted in February 2015, and down 693 from the 1,803 counted in March 2014. The average Canadian rig count for March 2015 was 196, down 167 from the 363 counted in February 2015, and down 253 from the 449 counted in March 2014.
The worldwide rig count for March 2015 was 2,557, down 429 from the 2,986 counted in February 2015, and down 1,040 from the 3,597 counted in March 2014.
March 2015 Rotary Rig Counts


March
2015



February
2015

March
2014



Land
Offshore
Total

Month
Variance

Land
Offshore
Total

Land
Offshore
Total

















Latin America

284
67
351

-4

283
72
355

337
69
406

Europe

80
55
135

2

77
56
133

93
55
148

Africa

85
40
125

-7

88
44
132

97
35
132

Middle East

355
52
407

-8

367
48
415

350
51
401

Asia Pacific

131
102
233

-7

136
104
240

134
124
258

International

935
316
1,251

-24

951
324
1,275

1,011
334
1,345

















United States

1,067
43
1,110

-238

1,296
52
1,348

1,750
53
1,803

Canada

193
3
196

-167

360
3
363

448
1
449

North America

1,260
46
1,306

-405

1,656
55
1,711

2,198
54
2,252

















Worldwide

2,195
362
2,557

-429

2,607
379
2,986

3,209
388
3,597


















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 United StatesCanada 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 US and Canadian drilling activity.  Baker Hughes initiated the monthly international rig count in 1975.
North American rig count data 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 5th working day of the month at 6:00 a.m. ET.  Additional detailed information on the Baker Hughesrig 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 62,000-plus 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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