Halliburton 2013 Annual Report Download - page 41

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25
The historical yearly average rig counts based on the Baker Hughes Incorporated rig count information were as
follows:
Land vs. Offshore
2013
2012
2011
United States:
Land
1,705
1,872
1,843
Offshore (incl. Gulf of Mexico)
56
47
32
Total
1,761
1,919
1,875
Canada:
Land
352
363
422
Offshore
2
1
1
Total
354
364
423
International (excluding Canada):
Land
978
931
863
Offshore
318
303
304
Total
1,296
1,234
1,167
Worldwide total
3,411
3,517
3,465
Land total
3,035
3,166
3,128
Offshore total
376
351
337
Oil vs. Natural Gas
2013
2012
2011
United States (incl. Gulf of Mexico):
Oil
1,375
1,359
984
Natural gas
386
560
891
Total
1,761
1,919
1,875
Canada:
Oil
234
261
282
Natural gas
120
103
141
Total
354
364
423
International (excluding Canada):
Oil
1,029
984
918
Natural gas
267
250
249
Total
1,296
1,234
1,167
Worldwide total
3,411
3,517
3,465
Oil total
2,638
2,604
2,184
Natural gas total
773
913
1,281
Drilling Type
2013
2012
2011
United States (incl. Gulf of Mexico):
Horizontal
1,102
1,151
1,074
Vertical
435
552
571
Directional
224
216
230
Total
1,761
1,919
1,875
Our customers’ cash flows, in most instances, depend upon the revenue they generate from the sale of oil and natural
gas. Lower oil and natural gas prices usually translate into lower exploration and production budgets, while the opposite is true
for higher oil and natural gas prices.