Baker Hughes Announces April 2016 Rig Counts

Source: Baker Hughes

The average U.S. rig count for April 2016 was 437, down 41 from the 478 counted in March 2016, and down 539 from the 976 counted in April 2015.

Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for April 2016 was 946, down 39 from the 985 counted in March 2016, and down 256 from the 1,202 counted in April 2015. The international offshore rig count for April 2016 was 220, up 9 from the 211 counted in March 2016, and down 80 from the 300 counted in April 2015.

The average U.S. rig count for April 2016 was 437, down 41 from the 478 counted in March 2016, and down 539 from the 976 counted in April 2015. The average Canadian rig count for April 2016 was 41, down 47 from the 88 counted in March 2016, and down 49 from the 90 counted in April 2015.

The worldwide rig count for April 2016 was 1,424, down 127 from the 1,551 counted in March 2016, and down 844 from the 2,268 counted in April 2015.

April 2016 Rotary Rig Counts

Area

Last Count

Count

Change

from

Prior

Count

Date of

Prior

Count

Change

from

Last

Year

Date of

Last

Year's

Count

U.S.

29 April

2016

420

-11

22 April

2016

-485

 1 May

2015

             

Canada

29 April

2016

37

-3

22 April

2016

-42

1 May

2015

             

International

April 2016

946

-39

March

2016

-256

April

2015

About the Baker Hughes Rig Counts

The Baker Hughes Rotary 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. Baker Hughes has issued the rotary 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. Baker Hughes initiated the monthly international rig count 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 fifth working day of the month at 5:00 a.m. Central time.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs