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Canadian rig counts up from December, but still lagging


February 8, 2018  


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The Baker Hughes international rig count for January was 960, up six from the 954 counted in December of last year, and up 27 from the 933 counted in January 2017. The international offshore rig count for January was 196, up five from the 191 counted in December 2017, and down 10 from the 206 counted in January 2017.

The average U.S. rig count for January was 937, up seven from the 930 counted in December, and up 254 from the 683 counted in January 2017. The average Canadian rig count for January was 278, up 73 from the 205 counted in December, and down 24 from the 302 counted in January 2017.

The worldwide rig count for January 2018 was 2,175, up 86 from the 2,089 counted in December 2017, and up 257 from the 1,918 counted in January 2017.

January 2018 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 GE-owned 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.

(Businesswire)