International Rig Count Creeps Up

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

The international rig count for June is 758, up 8 units from the count in May and down 23 units from the 781 counted in June 2020.

  • Latin America is up 7 units to a total of 143 from the May count of 136 units and is up 72 units year-over-year.

  • The Asia-Pacific region had no change for a total of 183 units and down 14 units from its year-ago average of 197.

  • Africa is up 1 unit to a total of 65 from the May count of 64 units and up 5 units from its June 2020 average of 60.

  • Europe is up 4 units to a total of 105 from the May count of 101 units, and down 10 units year-over-year.

  • The Middle East is up 16 units to a total of 266 from the April count of 252 units, and down 5 units year-over-year.

Source: Baker Hughes

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