Worldwide Rig Counts Down 39% Y/Y



According to Baker Hughes, the average U.S. rig count for August was 883, up 17 from the 866 counted in July, and down 1,021 from the 1,904 counted in August of 2014. The worldwide rig count for August was down 39% year-over-year.

Baker Hughes also noted the following:

  • The international rig count for August was 1,137, up 19 from the 1,118 counted in July, and down 202 from the 1,339 counted in August of 2014.
  • The international offshore rig count for August was 270, up six from the 264 counted in June, and down 45 from the 315 counted in August of last year.
  • The average Canadian rig count for August was 206, up 23 from the 183 counted in July, and down 193 from the 399 counted during the same time period from a year ago.
  • The worldwide rig count for August was 2,226, up 59 from the 2,167 counted in July, and down 1,416 from the 3,642 counted last August.

Access the full report from Baker Hughes here.


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Terry Mulreany
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