Halliburton’s Total Number of Rigs (2016-2022)

This statistic highlights Halliburton’s Total Number of Rigs, split across the regions of Canada, the United States, and other international regions, reported on a quarterly basis from 2016 onwards.

Halliburton engages in the selling of energy-related goods and services. Completion and Production, as well as Drilling and Evaluation, are the two segments in which the company works. Cementing, stimulation, intervention, pressure control, specialized chemicals, artificial lift, and completion goods and services are all available via the Completion and Production category. Customers may simulate and measure construction operations using the Drilling and Evaluation segment, which provides field and reservoir modeling, drilling, evaluation, and wellbore placement solutions.

Halliburton’s Total Number of Rigs

(all figures are in absolute terms, except percentages)

The total number of rigs increased from 1,332 in Q4 2020 to 1,352 in Q4 2021, making a slight increment of 1.5% on a year-on-year basis. However, it decreased by 4.72% on a quarterly basis, from 1,419 in Q3 2021 to 1,352 in Q4 2021.

Halliburton generates a major part of its revenue from the selling of rigs in the International regions. In Q4 2021, 55.84% of its rigs was generated from the International regions while 34.39% of the rigs sold  from the United States. The least contribution is made by Canada in Q4 2021, indicated by the minor contribution of 9.73%.

The region-wise distribution of revenue is bifurcated in the following way:

Canada

Total number of rigs sold rose from 89 in Q4 2020 to 132 in Q4 2021, marking a sharp growth of 48.31% on a year-on-year basis. The total value has shown a decline from 151 rigs in Q3 2021 to 132 rigs in Q4 2021, indicating a decline of 12.5% on a quarter-on-quarter basis. This region makes the least contribution of 132 to the value of rigs, accounting for a mere 9.77% of the total rigs sold by the company in Q4 2021. 

The United States

Constituting the major part of sales, this region contributes 34.39% to the total rigs sold by the company in Q4 2021. The total value has shown a decline from 418 rigs in Q4 2020 to 496 rigs sold in Q3 2021, marking an incline of 18.66%. Total value generated in Q4 2020 increased from 418 rigs to 465 rigs in Q4 2021, marking a small growth of 11.24% on a year-on-year basis. However, it declined by 6.25% on a quarterly basis, from 496 rigs in Q3 2021 to 465 rigs in Q4 2021.

International

Halliburton currently operates in more than 75 countries. Here, International countries include Europe, Africa, the Middle East, Asia, and CIS (Commonwealth of Independent States). This region has the maximum contribution to the total number of rigs, accounting for 55.84% of the total rigs sold in Q4 2021. The total value has shown a decline from 772 rigs sold in Q3 2021 to 755 rigs in Q4 2021, marking a decrease of 2.20% on a quarterly basis. Total value generated in Q4 2020 increased from 89 rigs to 132 rigs in Q4 2021, marking a sharp growth of 48.31% on a year-on-year basis. 

About Halliburton

Halliburton, which was founded in 1919, is one of the world’s largest providers of power-related services and equipment. The firm has been providing goods and services to meet the ever-changing demands of the energy sector for decades. The company serves the upstream oil and fuel line business for the duration of the reservoir lifecycle – from finding hydrocarbons and dealing with geological data to drilling and formation evaluation, well creation and completion, and optimizing manufacturing throughout the life of the field – with over 75,000 employees representing 140 nationalities in about eighty countries. 

They blend technology with creativity. Halliburton is a publicly-traded energy equipment and services corporation with a lengthy history of mergers and acquisitions. Currently, the corporation has over 30 subsidiaries and 14 product service lines. Baroids, Landmark, and Sperry Drilling are its three key subsidiaries. Energy services (the company’s history), formation evaluation, digital and consulting services, production volume optimization, and fluid systems are the company’s key business segments. The corporation, which was founded by Erle P. Halliburton, is traded on the New York Stock Exchange (NYSE) under the ticker HAL and is a component of the S&P 500 index.

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