Baker Hughes (BHI) U.S. Avg. Rig Count Fell 36% in Oct. 2016

November 7, 2016 6:24 AM EST

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Baker Hughes Incorporated (NYSE: BHI) announced 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

MonthVariance

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


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