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Press release from PR Newswire

Revision: Baker Hughes Announces November 2011 Rig Counts

Wednesday, December 07, 2011

Revision: Baker Hughes Announces November 2011 Rig Counts15:07 EST Wednesday, December 07, 2011NOTE: The information contained herein is a revision to the data published at 5:00 am central time on December 7, 2011, and supersedes the prior data.HOUSTON, Dec. 7, 2011 /PRNewswire/ -- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for November  2011 was 1,185, down 12 from the 1,197 counted in October 2011, and up 55 from the 1,130 counted in November  2010. The international offshore rig count for November 2011 was 302, down 10 from the 312 counted in October 2011 and down 18 from the 320 counted in November 2010.  The last report of rig activity in Libya was for February 2011.The US rig count for November 2011 was 2,011, down 6 from the 2,017 counted in October 2011 and up 328 from the 1,683 counted in November 2010.  The Canadian rig count for November 2011 was 487, down 21 from the 508 counted in October 2011 and up 67 from the 420 counted in November 2010.The worldwide rig count for November 2011 was 3,683 down 39 from the 3,722 counted in October 2011 and up 450 from the 3,233 counted in November 2010.   November 2011 Rotary Rig Counts   November 2011  October 2011November 2010  LandOSTotal Var. LandOSTotal LandOSTotal                Europe7448122 0 7547122 4654100 Middle East26939308 11 25839297 23836274 Africa553186 5 513081 582987 Latin America33587422 (16) 34890438 31479393 Asia Pacific15097247 (12) 153106259 154122276International8833021185 (12) 8853121197 8103201130                United States1974372011 (6) 1981362017 1661221683  Canada4861487 (21) 5062508 4200420 North America2460382498 (27) 2487382525 2081222103              Worldwide33433403683 (39) 33723503722 28913423233  About the Baker Hughes Rig CountsThe Baker Hughes Rotary Rig Counts are counts of the number of drilling rigs actively exploring for or developing oil or natural gas in the United States, Canada and international markets.  Baker Hughes has issued the rotary rig counts as a service to the petroleum industry since 1944, when Hughes Tool Company began weekly counts of US and Canadian drilling activity.  Baker Hughes initiated the monthly international rig count in 1975. North American rig count data is scheduled to be released at noon central time on the last working day of each week.  The international rig count is scheduled to be released on the 5th working day of the month.  Additional detailed information on the Baker Hughes rig counts is available from our website. Baker Hughes provides reservoir consulting, drilling, pressure pumping, formation evaluation, completion and production products and services to the worldwide oil and gas industry.CONTACTS:  Media Relations: Teresa Wong, +1.713.439.8110, Pam Easton, +1.713.439.8391, pamela.easton@bakerhughes.comInvestor Relations: Adam Anderson, +1.713.439.8039, adam.anderson@bakerhughes.comSOURCE Baker Hughes Incorporated