The lowest international oil and gas rig count that was recorded since 1975 was in October 2020, at 1,016 rigs. This was due to the coronavirus pandemic and its adverse impacts on the oil and gas industry. Meanwhile, a peak in the number of active oil and gas rigs was recorded in the early 1980s, at 6,227 rigs.
Highest and lowest oil and gas rig count worldwide since 1975
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Baker Hughes. (April 5, 2024). Highest and lowest oil and gas rig count worldwide since 1975 [Graph]. In Statista. Retrieved November 26, 2024, from https://www.statista.com/statistics/718500/global-oil-and-gas-rig-maximum-and-minimum-count/
Baker Hughes. "Highest and lowest oil and gas rig count worldwide since 1975." Chart. April 5, 2024. Statista. Accessed November 26, 2024. https://www.statista.com/statistics/718500/global-oil-and-gas-rig-maximum-and-minimum-count/
Baker Hughes. (2024). Highest and lowest oil and gas rig count worldwide since 1975. Statista. Statista Inc.. Accessed: November 26, 2024. https://www.statista.com/statistics/718500/global-oil-and-gas-rig-maximum-and-minimum-count/
Baker Hughes. "Highest and Lowest Oil and Gas Rig Count Worldwide since 1975." Statista, Statista Inc., 5 Apr 2024, https://www.statista.com/statistics/718500/global-oil-and-gas-rig-maximum-and-minimum-count/
Baker Hughes, Highest and lowest oil and gas rig count worldwide since 1975 Statista, https://www.statista.com/statistics/718500/global-oil-and-gas-rig-maximum-and-minimum-count/ (last visited November 26, 2024)
Highest and lowest oil and gas rig count worldwide since 1975 [Graph], Baker Hughes, April 5, 2024. [Online]. Available: https://www.statista.com/statistics/718500/global-oil-and-gas-rig-maximum-and-minimum-count/
