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Baker Hughes, a GE Company Announces January 2018 Rig Counts


HOUSTON and LONDON--(BUSINESS WIRE)—February 7, 2018-- Baker Hughes, a GE company
(NYSE:BHGE) announced today that the Baker Hughes international rig count for January 2018 was 960,
up 6 from the 954 counted in December 2017, and up 27 from the 933 counted in January 2017. The
international offshore rig count for January 2018 was 196, up 5 from the 191 counted in December
2017, and down 10 from the 206 counted in January 2017.


The average US rig count for January 2018 was 937, up 7 from the 930 counted in December 2017, and
up 254 from the 683 counted in January 2017. The average Canadian rig count for January 2018 was
278, up 73 from the 205 counted in December 2017, and down 24 from the 302 counted in January
2017.


The worldwide rig count for January 2018 was 2,175, up 86 from the 2,089 counted in December 2017,
and up 257 from the 1,918 counted in January 2017.


January 2018 Rig Counts

BHGE Rig Counts January 2018

 

About the Baker Hughes Rig Counts


The Baker Hughes 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. The company has issued the rig counts
as a service to the petroleum industry since 1944, when Hughes Tool Company began weekly counts of
the U.S. and Canadian drilling activity. The monthly international rig count was initiated in 1975.


The North American rig count is scheduled to be released at noon Central Time on the last working day
of each week. The international rig count is scheduled to be released on the fifth working day of the
month at 5:00 a.m. Central Time. Additional detailed information on the Baker Hughes rig counts is
available from our website.

About Baker Hughes, a GE company


Baker Hughes, a GE company (NYSE: BHGE) is the world’s first and only fullstream provider of integrated
oilfield products, services and digital solutions. We deploy minds and machines to enhance customer
productivity, safety and environmental stewardship, while minimizing costs and risks at every step of
the energy value chain. With operations in over 120 countries, we infuse over a century of experience
with the spirit of a startup – inventing smarter ways to bring energy to the world.


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Source: Baker Hughes, a GE company (BHGE)

Media Relations:
Stephanie Cathcart, +1 202-549-6462
stephanie.cathcart@bhge.com


Melanie Kania, +1 713-439-8303
melanie.kania@bhge.com

or

Investor Relations:
Philipp Mueller, +1 281-809-9088
investor.relations@bhge.com

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