About Cost for baker drilling rigs
Meet your drilling goals with minimal time, risk, and cost with the full suite of drilling services from Baker Hughes.
Meet your drilling goals with minimal time, risk, and cost with the full suite of drilling services from Baker Hughes.
Drilling services from Baker Hughes help deliver the full value of your drilling operations with comprehensive solutions to drill, steer, and land your wells—precisely, safely, and smoothly. Our drilling services solutions can incorporate the full suite of tools that make up the bottomhole.
Rigs in the Eagle Ford are 5 below where they were this time last year. At 12:29 p.m., ET, the WTI benchmark was trading up $0.93 per barrel (+1.51%) on the day at $62.55, and up $2 per barrel from last Friday’s price. The Brent benchmark was trading up $0.90 (+1.39%) on the day at $65.43— up.
Here’s a table comparing the costs to buy new, buy used and rent a drilling rig in 2025: The cost of buying a new drilling rig ranges from $3-4 million for basic land rigs to over $1 billion for advanced offshore rigs. Land rig rentals cost $15,000-$100,000 per day, while offshore rigs are more.
Baker Hughes has issued the rotary rig counts as a service to the petroleum industry since 1944, when Baker Hughes Tool Company began weekly counts of U.S. and Canadian drilling activity. Baker Hughes initiated the monthly international rig count in 1975. The North American rig count is released.
Data made available by Baker Hughes. Click for U.S. Frac Spread Count. (Wk./Wk.) (Wk./Wk.) (Wk./Wk.) (Wk./Wk.) U.S. Rig Count current and historical data, updated every Friday. Data made available by Baker Hughes.
Ranging from hundreds of thousands to millions of dollars, the cost of a drilling rig depends on various factors such as size, functionality, and customization. In this article, we'll delve into the world of drilling rig prices and uncover the fascinating details behind these impressive pieces of.
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