Baker Hughes: Rig Counts Up M/M, Still Down Y/Y



According to the most recent data from Baker Hughes, international rig count for November was 925, up five from the number counted in October but down 184 compared to November 2015.

Additionally, the international offshore rig count for November was 211, up 11 from the 200 counted in October and down 48 from the 259 counted in November 2015.

The average U.S. rig count for November was 580, up 36 from the 544 counted in October 2016 but down 180 from the 760 counted in November 2015. The average Canadian rig count for November was 173, up 17 from the 156 counted in October 2016 but, following the trend, down five from the 178 counted in November 2015.

The worldwide rig count for November was 1,678, up 58 from the 1,620 counted in October 2016 and down 369 from the 2,047 counted in November 2015.

The Baker Hughes Rotary 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.


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