Baker Hughes (BHI) Reports 40% Drop in U.S. Rig Count for Sept. 2016

October 7, 2016 6:02 AM EDT

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Baker Hughes Incorporated (NYSE: BHI) announced that the international rig count for September 2016 was 934 down 3 from the 937 counted in August 2016, and down 206 from the 1,140 counted in September 2015. The international offshore rig count for September 2016 was 221, down 7 from the 228 counted in August 2016, and down 47 from the 268 counted in September 2015.

The average U.S. rig count for September 2016 was 509, up 28 from the 481 counted in August 2016, and down 339 from the 848 counted in September 2015. The average Canadian rig count for September 2016 was 141, up 12 from the 129 counted in August 2016, and down 42 from the 183 counted in September 2015.

The worldwide rig count for September 2016 was 1,584, up 37 from the 1,547 counted in August 2016, and down 587 from the 2,171 counted in September 2015.

September 2016 Rotary Rig Counts

September 2016 August 2016 September 2015
Land Offshore Total

MonthVariance

Land Offshore Total Land Offshore Total
Latin America 151 38 189 2 150 37 187 266 55 321
Europe 56 36 92 -4 58 38 96 62 47 109
Africa 68 9 77 -4 70 11 81 71 25 96
Middle East 336 50 386 7 329 50 379 349 47 396
Asia Pacific 102 88 190 -4 102 92 194 124 94 218
International 713 221 934 -3 709 228 937 872 268 1,140
United States 491 18 509 28 464 17 481 816 32 848
Canada 140 1 141 12 128 1 129 181 2 183
North America 631 19 650 40 592 18 610 997 34 1,031
Worldwide 1,344 240 1,584 37 1,301 246 1,547 1,869 302 2,171


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