International Rig Count Down 124 Units Since April 2019

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

The international rig count for April was 915, down 144 units from the count in March and down 147 from the 1062 counted in April 2019.

Latin America is down 80 units to 89 from the March count of 169 units and is down 101 units year-over-year.

The Asia-Pacific region is down 40 units to 191 from the March count of 231 units and down 45 units from its year-ago average of 236.

Africa is down 5 units from the March count of 108 units and down 18 units from its April 2019 average of 126.

Europe is down 11 units from the March count of 123 units, and up 14 units year-over-year.

The Middle East is down 8 units from the March count of 428 units, and up 8 units year -over-year.

Source: Baker Hughes