Baker Hughes, a GE company Announces July 2019 Rig Counts

Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for July 2019 was 1,162, up 24 from the 1,138 counted in June 2019, and up 165 from the 997 counted in July 2018. The international offshore rig count for July 2019 was 255, up 9 from the 246 counted in June 2019, and up 38 from the 217 counted in July 2018.

The average U.S. rig count for July 2019 was 955, down 14 from the 969 counted in June 2019, and down 95 from the 1,050 counted in July 2018. The average Canadian rig count for July 2019 was 121, up 7 from the 114 counted in June 2019, and down 83 from the 204 counted in July 2018.

The worldwide rig count for July 2019 was 2,238, up 17 from the 2,221 counted in June 2019, and down 13 from the 2,251 counted in July 2018.

July 2019 Rig Counts

	July 2019										June 2019								July 2018
	Land		Offshore		Total				Month Variance		Land		Offshore		Total				Land		Offshore		Total
Latin America	168		33		201				12		162		27		189				161		29		190
Europe	148		52		200				7		144		49		193				48		32		80
Africa	92		19		111				-5		95		21		116				79		19		98
Middle East	367		57		424				11		359		54		413				354		46		400
Asia Pacific	132		94		226				-1		132		95		227				138		91		229
International	907		255		1,162				24		892		246		1,138				780		217		997
United States	930		25		955				-14		945		24		969				1,032		18		1,050
Canada	118		3		121				7		111		3		114				201		3		204
North America	1,048		28		1,076				-7		1,056		27		1,083				1,233		21		1,254
Worldwide	1,955		283		2,238				17		1,948		273		2,221				2,013		238		2,251

See note to editor at the bottom of this press release.

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 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.

About Baker Hughes, a GE company

Baker Hughes, a GE company (NYSE: BHGE) is the world’s first and only fullstream provider of integrated oilfield products, services and digital solutions. We deploy minds and machines to enhance customer productivity, safety and environmental stewardship, while minimizing costs and risks at every step of the energy value chain. With operations in over 120 countries, we infuse over a century of experience with the spirit of a startup – inventing smarter ways to bring energy to the world.

Note to editor: As of June 07, 2019, Ukraine was added to the Baker Hughes International Rig Count report and is reflected in the Europe count. This addition is not reflected in historical data.

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