Baker Hughes: Average June U.S. Rig Count Down 52% Year/Year

July 8, 2016 7:09 PM

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Baker Hughes announced the international rig count for June 2016 was 927 down 28 from the 955 counted in May 2016, and down 219 or 19% from the 1,146 counted in June 2015. The international offshore rig count for June 2016 was 223, down 6 from the 229 counted in May 2016, and down 54 from the 277 counted in June 2015.

The company said the average U.S. rig count for June 2016 was 417, up 9 from the 408 counted in May 2016, and down 444 or 52% from the 861 counted in June 2015. The average Canadian rig count for June 2016 was 63, up 21 from the 42 counted in May 2016, and down 66 from the 129 counted in June 2015.

Also read: 2016: The year in entertainment

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