WORLDWIDE RIG COUNT DOWN 729

Jul. 8, 2016-- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for June 2016 was 927 down 28 from the 955 counted in May 2016, and down 219 from the 1,146 counted in June 2015. The international offshore rig count for June 2016 was 223, down 6 from the 229 counted in May 2016, and down 54 from the 277 counted in June 2015.

The average U.S. rig count for June 2016 was 417, up 9 from the 408 counted in May 2016, and down 444 from the 861 counted in June 2015. The average Canadian rig count for June 2016 was 63, up 21 from the 42 counted in May 2016, and down 66 from the 129 counted in June 2015.

The worldwide rig count for June 2016 was 1,407, up 2 from the 1,405 counted in May 2016, and down 729 from the 2,136 counted in June 2015.

June 2016 Rotary Rig Counts

	June 2016				May 2016			June 2015
	Land	Offshore	Total	Month Variance	Land	Offshore	Total	Land	Offshore	Total

Latin America	147	31	178	-10	158	30	188	252	62	314
Europe	52	39	91	-4	53	42	95	65	48	113
Africa	68	19	87	-4	71	20	91	74	29	103
Middle East	341	48	389	-2	340	51	391	352	49	401
Asia Pacific	96	86	182	-8	104	86	190	126	89	215
International	704	223	927	-28	726	229	955	869	277	1,146

United States	396	21	417	9	384	24	408	833	28	861
Canada	63	0	63	21	40	2	42	125	4	129
North America	459	21	480	30	424	26	450	958	32	990

Worldwide	1,163	244	1,407	2	1,150	255	1,405	1,827	309	2,136

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Earlier:

U.S. RIGS UP 10

U.S. JOBS DOWN 100,000

WORLDWIDE RIG COUNT DOWN 722

OIL COMPANIES RESTRUCTURING

HALLIBURTON & BAKER HUGHES TERMINATION

Tags: OIL, GAS, RIG, COUNT, BAKER, HUGHES