713.439.8600

Baker Hughes Incorporated
17021 Aldine Westfield
Houston, Texas 77073

Alondra Oteyza

Director, Investor Relations

713.439.8822

News Release

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Baker Hughes Announces May 2017 Rig Counts

HOUSTON--(BUSINESS WIRE)--Jun. 7, 2017-- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for May 2017 was 957, up 1 from the 956 counted in April 2017, and up 2 from the 955 counted in May 2016. The international offshore rig count for May 2017 was 202, up 1 from the 201 counted in April 2017, and down 27 from the 229 counted in May 2016.

The average U.S. rig count for May 2017 was 893, up 40 from the 853 counted in April 2017, and up 485 from the 408 counted in May 2016. The average Canadian rig count for May 2017 was 85, down 23 from the 108 counted in April 2017, and up 43 from the 42 counted in May 2016.

The worldwide rig count for May 2017 was 1,935, up 18 from the 1,917 counted in April 2017, and up 530 from the 1,405 counted in May 2016.

May 2017 Rotary Rig Counts

 
 

May 2017

   

April 2017

  May 2016
   

Month

       
    Land   Offshore   Total  

Variance

  Land   Offshore   Total   Land   Offshore   Total
 
Latin America 155 35 190 8 150 32 182 158 30 188
Europe 60 35 95 4 60 31 91 53 42 95
Africa 69 15 84 -5 76 13 89 71 20 91
Middle East 350 41 391 2 344 45 389 340 51 391
Asia Pacific 121   76   197 -8 125   80   205 104   86   190

International

755 202 957

1

755 201 956 726 229 955
 
United States 871 22 893 40 833 20 853 384 24 408
Canada 83   2   85 -23 108   0   108 40   2   42
North America 954 24 978 17 941 20 961 424 26 450
                               
Worldwide 1,709   226   1,935 18 1,696   221   1,917 1,150   255   1,405
 

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. Additional detailed information on the Baker Hughes rig counts is available from our website.

Baker Hughes is a leading supplier of oilfield services, products, technology and systems to the worldwide oil and natural gas industry. The company's 32,000 employees today work in more than 80 countries helping customers find, evaluate, drill, produce, transport and process hydrocarbon resources. For more information about Baker Hughes, visit: www.bakerhughes.com.

Source: Baker Hughes Incorporated

Baker Hughes Incorporated
Media Relations:
Melanie Kania, +1 713-439-8303
melanie.kania@bakerhughes.com
or
Investor Relations:
Alondra Oteyza, +1 713-439-8822
alondra.oteyza@bakerhughes.com