Oil & Gas Product News Logo

May monthly rig count slides worldwide: Baker Hughes

baker hughes logo

The Baker Hughes international rig count for May 2020 was 805, down 110 from the 915 counted in April 2020, and down 321 from the 1,126 counted in May 2019.

The international offshore rig count for May 2020 was 195, down 33 from the 228 counted in April 2020, and down 45 from the 240 counted in May 2019.

The average U.S. rig count for May 2020 was 348, down 218 from the 566 counted in April 2020, and down 638 from the 986 counted in May 2019. The average Canadian rig count for May 2020 was 23, down 10 from the 33 counted in April 2020, and down 47 from the 60 counted in May 2019.

The worldwide rig count for May 2020 was 1,176, down 338 from the 1,514 counted in April 2020, and down 1,006 from the 2,182 counted in May 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

Read more

More from Industry News

Get our newsletter

Subscribe to our free magazine

Get Our Magazine

Paper or Digital delivered monthly to you

Subscribe or Renew Learn more

Get our newsletter