International Rig Count Down 45 Units in September

Baker Hughes issued their international rig count data, here is the breakdown:

The international rig count for September was 702, down 45 units from the count in August and down 429 units from the 1,131 counted in September 2019.

  • Latin America is up 8 units to 83 from the August count of 76 units and is down 106 units year-over-year.

  • The Asia-Pacific region is down 31 units to 169 from the August count of 200 units and down 57 units from its year-ago average of 226.

  • Africa is down 7 units from the August count of 62 units and down 60 units from its September 2019 average of 115.

  • Europe is up 4 units from the August count of 109 units, and down 63 units year-over-year.

  • The Middle East is down 19 units from the August count of 301 units, and down 143 units year-over-year.

Source: Baker Hughes