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4-Traders Homepage  >  Equities  >  Nyse  >  Baker Hughes Incorporated    BHI

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Baker Hughes Incorporated : Baker Hughes Announces December 2013 Rig Counts

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01/08/2014 | 01:25pm CET

HOUSTON, Jan. 8, 2014 /PRNewswire/ -- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for December 2013 was 1,335, up 24 from the 1,311 counted in November 2013, and up 82 from the 1,253 counted in December 2012. The international offshore rig count for December 2013 was 306, down 10 from the 316 counted in November 2013, and up 7 from the 299 counted in December 2012. 

The average U.S. rig count for December 2013 was 1,771, up 15 from the 1,756 counted in November 2013, and down 13 from the 1,784 counted in December 2012. The average Canadian rig count for December 2013 was 372, down 13 from the 385 counted in November 2013, and up 19 from the 353 counted in December 2012.

The worldwide rig count for December 2013 was 3,478, up 26 from the 3,452 counted in November 2013, and up 88 from the 3,390 counted in December 2012.      

December 2013 Rotary Rig Counts




December 2013


Month


November 2013


December 2012




Land

Offshore

Total


Variance


Land

Offshore

Total


Land

Offshore

Total


















Latin America

341

76

417


6


322

89

411


341

73

414


Europe


87

39

126


-11


89

48

137


77

59

136


Africa


102

36

138


3


100

35

135


71

31

102


Middle East*

359

46

405


17


346

42

388


321

42

363


Asia Pacific

140

109

249


9


138

102

240


144

94

238

International

1,029

306

1,335


24


995

316

1,311


954

299

1,253


















United States

1,710

61

1,771


15


1,698

58

1,756


1,734

50

1,784


Canada


370

2

372


-13


384

1

385


351

2

353

North America

2,080

63

2,143


2


2,082

59

2,141


2,085

52

2,137

















Worldwide


3,109

369

3,478


26


3,077

375

3,452


3,039

351

3,390

















* The Middle East rig count excludes rigs in Syria for November and December 2013.




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 States, 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 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.  Additional detailed information on the Baker Hughes rig 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 60,000-plus employees today work in more than 80 countries helping customers find, evaluate, drill, produce, transport and process hydrocarbon resources.Baker Hughes' century-long history, visit www.bakerhughes.com.

CONTACTS:


Media Relations: 

Christine Mathers, + 1.713.439.8738, christine.mathers@bakerhughes.com

Investor Relations:

Trey Clark, +1.713.439.8039, trey.clark@bakerhughes.com


Eric Holcomb, +1.713.439.8822, eric.s.holcomb@bakerhughes.com

SOURCE Baker Hughes Incorporated

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