Baker Hughes: Rig Count 2020
Baker Hughes has published its 2020 global operating oil and gas rig totals. Its reports have been produced for North America since 1944 and globally since 1975, calculated using their own methodology. A change in the number of rigs may be indicative of the level of business activity in the oil and gas sector and form the basis for forecasting future oil and gas production. This year’s data presents a significant observation; there...