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. (June 30, 2023). Highest and lowest oil and gas rig count worldwide since 1975 [Graph]. In Statista. Retrieved July 27, 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. June 30, 2023. Statista. Accessed July 27, 2024. https://www.statista.com/statistics/718500/global-oil-and-gas-rig-maximum-and-minimum-count/
Baker Hughes. (2023). Highest and lowest oil and gas rig count worldwide since 1975. Statista. Statista Inc.. Accessed: July 27, 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., 30 Jun 2023, 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 July 27, 2024)
Highest and lowest oil and gas rig count worldwide since 1975 [Graph], Baker Hughes, June 30, 2023. [Online]. Available: https://www.statista.com/statistics/718500/global-oil-and-gas-rig-maximum-and-minimum-count/