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April sees sharp drop in working rigs worldwide

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Baker Hughes has announced that the international rig count for April 2020 was 915, down 144 from the 1,059 counted in March 2020, and down 147 from the 1,062 counted in April 2019.

The international offshore rig count for April 2020 was 228, down 16 from the 244 counted in March 2020, and down 23 from the 251 counted in April 2019.

The average U.S. rig count for April 2020 was 566, down 206 from the 772 counted in March 2020, and down 446 from the 1,012 counted in April 2019. The average Canadian rig count for April 2020 was 33, down 100 from the 133 counted in March 2020, and down 33 from the 66 counted in April 2019.

The worldwide rig count for April 2020 was 1,514, down 450 from the 1,964 counted in March 2020, and down 626 from the 2,140 counted in April 2019.

About the Baker Hughes Rig Counts

The Baker Hughes 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. The Company has issued the 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. The monthly international rig count was initiated 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 last working day of the first week of the month at 5:00 a.m. Central Time. 

Company info

2929 Allen Parkway, Suite 2100
Houston, TX
US, 77019-2118

Website:
bakerhughes.com

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