U.S. Rig Count Up 212 Y/Y in February


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Baker Hughes reported the international rig count for February 2017 was 941, up eight from the 933 counted in January 2017 and down 77 from the 1,018 counted in February 2016.

The international offshore rig count for February 2017 was 200, down six from the 206 counted in January 2017 and down 25 from the 225 counted in February 2016.

The average U.S. rig count for February 2017 was 744, up 61 from the 683 counted in January 2017 and up 212 from the 532 counted in February 2016. The average Canadian rig count for February 2017 was 342, up 40 from the 302 counted in January 2017 and up 131 from the 211 counted in February 2016.

The worldwide rig count for February 2017 was 2,027, up 109 from the 1,918 counted in January 2017 and up 266 from the 1,761 counted in February 2016.

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Terry Mulreany
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