Baker Hughes Announces March 2020 Rig Counts

Source: www.gulfoilandgas.com 4/3/2020, Location: North America

Baker Hughes announced that the Baker Hughes international rig count for March 2020 was 1,059, down 26 from the 1,085 counted in February 2020, and up 20 from the 1,039 counted in March 2019. The international offshore rig count for March 2020 was 244, down 1 from the 245 counted in February 2020, and down 3 from the 247 counted in March 2019.

The average U.S. rig count for March 2020 was 772, down 19 from the 791 counted in February 2020, and down 251 from the 1,023 counted in March 2019. The average Canadian rig count for March 2020 was 133, down 116 from the 249 counted in February 2020, and down 18 from the 151 counted in March 2019. The worldwide rig count for March 2020 was 1,964, down 161 from the 2,125 counted in February 2020, and down 249 from the 2,213 counted in March 2019.

The Baker Hughes rig counts are counts of the number of drilling rigs actively exploring for or developing oil or natural gas in the U.S., Canada and international markets. The Company has issued the rig counts as a service to the petroleum industry since 1944, when Hughes Tool Company began weekly counts of the U.S. and Canadian drilling activity. The monthly international rig count was initiated in 1975.

The North American rig count 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 last working day of the first week of the month at 5:00 a.m. Central Time. Additional detailed information on the Baker Hughes rig counts is available on our rig count site.


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