International Rig Count sits at 751, here is the breakdown

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

The international rig count for June is 751, down 7 units from the count in June and up 8 units from the 743 counted in July 2020.

  • Latin America is down 9 units to a total of 134 from the June count of 143 units and is up 60 units year-over-year.

  • The Asia-Pacific region is up 4 units for a total of 187 and down 6 units from its year-ago average of 193.

  • Africa is up 3 units to a total of 68 from the June count of 65 units and up 12 units from its July 2020 average of 56.

  • Europe is down 6 units to a total of 99 from the June count of 105 units, and down 6 units year-over-year.

  • The Middle East is up 1 unit to a total of 263 from the June count of 262 units, and down 52 units year-over-year.

Source: Baker Hughes

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