INTERNATIONAL RIG COUNT DOWN 200

Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for August 2016 was 937 down 1 from the 938 counted in July 2016, and down 200 from the 1,137 counted in August 2015. The international offshore rig count for August 2016 was 228, up 2 from the 226 counted in July 2016, and down 42 from the 270 counted in August 2015.

The average U.S. rig count for August 2016 was 481, up 32 from the 449 counted in July 2016, and down 402 from the 883 counted in August 2015. The average Canadian rig count for August 2016 was 129, up 35 from the 94 counted in July 2016, and down 77 from the 206 counted in August 2015.

The worldwide rig count for August 2016 was 1,547, up 66 from the 1,481 counted in July 2016, and down 679 from the 2,226 counted in August 2015.

August 2016 Rotary Rig Counts

	August 2016				July 2016			August 2015
	Land	Offshore	Total	Month Variance	Land	Offshore	Total	Land	Offshore	Total

Latin America	150	37	187	1	153	33	186	266	53	319
Europe	58	38	96	2	52	42	94	65	44	109
Africa	70	11	81	-1	70	12	82	70	26	96
Middle East	329	50	379	-11	339	51	390	341	52	393
Asia Pacific	102	92	194	8	98	88	186	125	95	220
International	709	228	937	-1	712	226	938	867	270	1,137

United States	464	17	481	32	429	20	449	849	34	883
Canada	128	1	129	35	92	2	94	202	4	206
North America	592	18	610	67	521	22	543	1,051	38	1,089

Worldwide	1,301	246	1,547	66	1,233	248	1,481	1,918	308	2,226

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Earlier:

U.S. RIGS UP 8

INTERNATIONAL RIG COUNT DOWN 686

WORLDWIDE RIG COUNT DOWN 729

U.S. OIL WELL COMPLETIONS DOWN 69%

GLOBAL INVESTMENT DOWN $1 TLN

Tags: OIL, GAS, RIG, COUNT, INTERNATIONAL