WORLDWIDE RIG COUNT UP 109

BAKER HUGHES - Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for February 2017 was 941, up 8 from the 933 counted in January 2017, and down 77 from the 1,018 counted in February 2016. The international offshore rig count for February 2017 was 200, down 6 from the 206 counted in January 2017, and down 25 from the 225 counted in February 2016.

The average U.S. rig count for February 2017 was 744, up 61 from the 683 counted in January 2017, and up 212 from the 532 counted in February 2016. The average Canadian rig count for February 2017 was 342, up 40 from the 302 counted in January 2017, and up 131 from the 211 counted in February 2016.

The worldwide rig count for February 2017 was 2,027, up 109 from the 1,918 counted in January 2017, and up 266 from the 1,761 counted in February 2016.

February 2017 Rotary Rig Counts

	February 2017				January 2017			February 2016
				Month
	Land	Offshore	Total	Variance	Land	Offshore	Total	Land	Offshore	Total

Latin America	147	32	179	3	142	34	176	187	50	237
Europe	69	38	107	9	67	31	98	71	36	107
Africa	68	9	77	-2	68	11	79	68	20	88
Middle East	337	45	382	0	334	48	382	354	50	404
Asia Pacific	120	76	196	-2	116	82	198	113	69	182
International	741	200	941	8	727	206	933	793	225	1,018

United States	724	20	744	61	659	24	683	506	26	532
Canada	340	2	342	40	301	1	302	208	3	211
North America	1,064	22	1,086	101	960	25	985	714	29	743

Worldwide	1,805	222	2,027	109	1,687	231	1,918	1,507	254	1,761

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Earlier:

WORLDWIDE RIG COUNT UP 27

WORLDWIDE RIG COUNT DOWN 197

WORLDWIDE RIG COUNT DOWN 369

WORLDWIDE RIG COUNT DOWN 466

WORLDWIDE RIG COUNT UP 37

Tags: OIL, GAS, RIG, COUNT