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Baker Hughes, a GE company Announces November 2018 Rig Counts

December 7, 2018

HOUSTON & LONDON--(BUSINESS WIRE)--Dec 7, 2018--Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for November 2018 was 991, down 26 from the 1,017 counted in October 2018, and up 49 from the 942 counted in November 2017. The international offshore rig count for November 2018 was 206, down 1 from the 207 counted in October 2018, and up 23 from the 183 counted in November 2017.

The average U.S. rig count for November 2018 was 1,077, up 15 from the 1,062 counted in October 2018, and up 166 from the 911 counted in November 2017. The average Canadian rig count for November 2018 was 198, up 6 from the 192 counted in October 2018, and down 6 from the 204 counted in November 2017.

The worldwide rig count for November 2018 was 2,266, down 5 from the 2,271 counted in October 2018, and up 209 from the 2,057 counted in November 2017.

November 2018 Rig Counts

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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181207005011/en/

CONTACT: Media Relations:

Melanie Kania, +1 713-439-8303

melanie.kania@bhge.comYulia Caris, +44 7827-35-4283

yulia.caris@bhge.comorInvestor Relations:

Philipp Mueller, +1 281-809-9088

investor.relations@bhge.com

KEYWORD: UNITED STATES NORTH AMERICA CANADA TEXAS

INDUSTRY KEYWORD: ENERGY OIL/GAS OTHER ENERGY

SOURCE: Baker Hughes, a GE company (BHGE)

Copyright Business Wire 2018.

PUB: 12/07/2018 06:00 AM/DISC: 12/07/2018 06:01 AM

http://www.businesswire.com/news/home/20181207005011/en

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