International rig count is falling

Baker Hughes announced Friday that the Baker Hughes international rig count for March 2020 was 1,059, down 26 from the 1,085 counted in February 2020, and up 20 from the 1,039 counted in March 2019.

The international offshore rig count for March 2020 was 244, down 1 from the 245 counted in February 2020, and down 3 from the 247 counted in March 2019.

The average U.S. rig count for March 2020 was 772, down 19 from the 791 counted in February 2020, and down 251 from the 1,023 counted in March 2019. The average Canadian rig count for March 2020 was 133, down 116 from the 249 counted in February 2020, and down 18 from the 151 counted in March 2019.

The worldwide rig count for March 2020 was 1,964, down 161 from the 2,125 counted in February 2020, and down 249 from the 2,213 counted in March 2019.

March 2020 Rig Counts

March 2020

February 2020

March 2019

Land

Offshore

Total

Month
Variance

Land

Offshore

Total

Land

Offshore

Total

Latin America

135

34

169

-15

147

37

184

160

28

188

Europe

96

27

123

-7

98

32

130

58

37

95

Africa

78

30

108

-12

89

31

120

102

25

127

Middle East

373

55

428

1

373

54

427

340

55

395

Asia Pacific

133

98

231

7

133

91

224

132

102

234

International

815

244

1,059

-26

840

245

1,085

792

247

1,039

United States

752

20

772

-19

768

23

791

1,001

22

1,023

Canada

131

2

133

-116

247

2

249

150

1

151

North America

883

22

905

-135

1,015

25

1,040

1,151

23

1,174

Worldwide

1,698

266

1,964

-161

1,855

270

2,125

1,943

270

2,213