International rig count declines again in Feb. – Baker Hughes

Feb. rig count was 1,761 – down from 1,891 in Jan. 2016 and 2,986 in Feb. 2015

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US rig count is down again in Feb. according to Baker Hughes

Baker Hughes announced today that the international rig count for Feb. 2016 was 1,018, down 27 from the 1,045 counted in Jan. 2016, and down 257 from the 1,275 counted in Feb. 2015.

The international offshore rig count for Feb. 2016 was 225, down 17 from the 242 counted in Jan. 2016, and down 99 from the 324 counted in Feb.2015.

The average U.S. rig count for Feb. 2016 was 532, down 122 from the 654 counted in Jan. 2016, and down 816 from the 1,348 counted in Feb. 2015.

The average Canadian rig count for Feb. 2016 was 211, up 19 from the 192 counted in Jan. 2016, and down 152 from the 363 counted in Feb. 2015.

The worldwide rig count for Feb. 2016 was 1,761, down 130 from the 1,891 counted in Jan. 2016, and down 1,225 from the 2,986 counted in Feb. 2015.

February 2016 Rotary Rig Counts

February 2016 January 2016 February 2015
Land Offshore Total Month Variance Land Offshore Total Land Offshore Total
Latin America 187 50 237 -6 192 51 243 283 72 355
Europe 71 36 107 -1 73 35 108 77 56 133
Africa 68 20 88 -6 68 26 94 88 44 132
Middle East 354 50 404 -3 352 55 407 367 48 415
Asia Pacific 113 69 182 -11 118 75 193 136 104 240
International 793 225 1,018 -27 803 242 1,045 951 324 1,275
United States 506 26 532 -122 627 27 654 1,296 52 1,348
Canada 208 3 211 19 190 2 192 360 3 363
North America 714 29 743 -103 817 29 846 1,656 55 1,711
Worldwide 1,507 254 1,761 -130 1,620 271 1,891 2,607 379 2,986

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