WORLDWIDE RIG COUNT DOWN 466

Baker Hughes Incorporated (NYSE:BHI) announced today 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	Month Variance	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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Earlier:

WORLDWIDE RIG COUNT UP 37

INTERNATIONAL RIG COUNT DOWN 200

INTERNATIONAL RIG COUNT DOWN 686

WORLDWIDE RIG COUNT DOWN 729

WORLDWIDE RIG COUNT DOWN 722

Tags: OIL, GAS, RIG, COUNT