International rig count continues its decline during pandemic

 

As expected, new numbers from Baker Hughes show how the COVID-19 pandemic has sent the number of oil and gas rigs tumbling across the world during the month of June.

The Houston-based company announced  that the Baker Hughes international rig count for June 2020 was 781 down 24 from the 805 counted in May 2020, and down 357 from the 1,138 counted in June 2019.

The international offshore rig count for June 2020 was 194, down 1 from the 195 counted in May 2020, and down 52 from the 246 counted in June 2019.

The average U.S. rig count for June 2020 was 274, down 74 from the 348 counted in May 2020, and down 695 from the 969 counted in June 2019. The average Canadian rig count for June 2020 was 18, down 5 from the 23 counted in May 2020, and down 96 from the 114 counted in June 2019.

The worldwide rig count for June 2020 was 1,073, down 103 from the 1,176 counted in May 2020, and down 1,148 from the 2,221 counted in June 2019.

June 2020 Rig Counts

June 2020

May 2020

June 2019

Land Offshore Total Month
Variance
Land Offshore Total Land Offshore Total
Latin America

40

31

71

9

32

30

62

162

27

189

Europe

85

25

110

-1

85

26

111

144

49

193

Africa

57

3

60

-1

58

3

61

95

21

116

Middle East

299

44

343

-32

331

44

375

359

54

413

Asia Pacific

106

91

197

1

104

92

196

132

95

227

International

587

194

781

-24

610

195

805

892

246

1,138

United States

262

12

274

-74

335

13

348

945

24

969

Canada

16

2

18

-5

21

2

23

111

3

114

North America

278

14

292

-79

356

15

371

1,056

27

1,083

Worldwide

865

208

1,073

-103

966

210

1,176

1,948

273

2,221

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