OREANDA-NEWS. Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for May 2016 was 955 up 9 from the 946 counted in April 2016, and down 203 from the 1,158 counted in May 2015. The international offshore rig count for May 2016 was 229, up 9 from the 220 counted in April 2016, and down 55 from the 284 counted in May 2015.

The average U.S. rig count for May 2016 was 408, down 29 from the 437 counted in April 2016, and down 481 from the 889 counted in May 2015. The average Canadian rig count for May 2016 was 42, up 1 from the 41 counted in April 2016, and down 38 from the 80 counted in May 2015.

The worldwide rig count for May 2016 was 1,405, down 19 from the 1,424 counted in April 2016, and down 722 from the 2,127 counted in May 2015.

May 2016 Rotary Rig Counts

 
     

 

  

May 2016

          

 

  

April 2016

    

 

  

May 2015
      Land   Offshore   Total     Month Variance     Land   Offshore   Total     Land   Offshore   Total
     
Latin America     158   30   188     -15     167   36   203     258   69   327
Europe     53   42   95     5     54   36   90     68   48   116
Africa     71   20   91     1     70   20   90     69   31   100
Middle East     340   51   391     7     330   54   384     357   41   398
Asia Pacific     104   86   190     11     105   74   179     122   95   217
International     726   229   955     9     726   220   946     874   284   1,158
                                                 
United States     384   24   408     -29     411   26   437     857   32   889
Canada     40   2   42     1     40   1   41     78   2   80
North America     424   26   450     -28     451   27   478     935   34   969
                                                 
Worldwide     1,150   255   1,405     -19     1,177   247   1,424     1,809   318   2,127
                                                 

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.