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Baker Hughes, a GE company Announces March 2019 Rig Counts

Baker Hughes, a GE company (NYSE:BHGE) announced yesterday that the Baker Hughes international rig count for March 2019 was 1,039, up 12 from the 1,027 counted in February 2019, and up 67 from the 972 counted in March 2018. The international offshore rig count for March 2019 was 247, down 3 from the 250 counted in February 2019, and up 62 from the 185 counted in February 2018.

The average U.S. rig count for March 2019 was 1,023, down 26 from the 1,049 counted in February 2019, and up 34 from the 989 counted in March 2018. The average Canadian rig count for March 2019 was 151, down 79 from the 230 counted in February 2019, and down 67 from the 218 counted in March 2018.

The worldwide rig count for March 2019 was 2,213, down 93 from the 2,306 counted in February 2019, and up 34 from the 2,179 counted in March 2018.

March 2019 Rig Counts

March2019 February2019 March2018
Land Offshore Total

Month
Variance

Land Offshore Total Land Offshore Total
Latin America 160 28 188 6 156 26 182 167 26 193
Europe 58 37 95 1 58 36 94 56 33 89
Africa 102 25 127 14 88 25 113 78 11 89
Middle East 340 55 395 -3 340 58 398 353 44 397
Asia Pacific 132 102 234 -6 135 105 240 133 71 204

International

792 247 1,039 12 777 250 1,027 787 185 972
United States 1,001 22 1,023 -26 1,029 20 1,049 976 13 989
Canada 150 1 151 -79 228 2 230 215 3 218
North America 1,151 23 1,174 -105 1,257 22 1,279 1,191 16 1,207
Worldwide 1,943 270 2,213 -93 2,034 272 2,306 1,978 201 2,179

Source: Baker Hughes, a GE company (BHGE)

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