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Press release from PR Newswire

Baker Hughes Announces December 2011 Rig Counts

Monday, January 09, 2012

Baker Hughes Announces December 2011 Rig Counts06:00 EST Monday, January 09, 2012  HOUSTON, Jan. 9, 2012 /PRNewswire/ -- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for December  2011 was 1,180, down 5 from the 1,185 counted in November 2011, and up 62 from the 1,118 counted in December  2010. The international offshore rig count for December 2011 was 299, down 3 from the 302 counted in November 2011 and down 4 from the 303 counted in December 2010.  The last report of rig activity in Libya was for February 2011.The US rig count for December 2011 was 2,003, down 8 from the 2,011 counted in November 2011 and up 292 from the 1,711 counted in December 2010.  The Canadian rig count for December 2011 was 429, down 58 from the 487 counted in November 2011 and up 31 from the 398 counted in December 2010.The worldwide rig count for December 2011 was 3,612 down 71 from the 3,683 counted in November 2011 and up 385 from the 3,227 counted in December 2010.   December 2011 Rotary Rig Counts   December 2011  November 2011December 2010  LandOSTotal Var. LandOSTotal LandOSTotal                Europe7042112 (10) 7448122 5649105 Middle East26341304 (4) 26939308 23631267 Africa483179 (7) 553186 532679 Latin America34989438 16 33587422 31372385 Asia Pacific15196247 0 15097247 157125282International8812991180 (5) 8833021185 8153031118                United States1961422003 (8) 1974372011 1687241711  Canada4281429 (58) 4861487 3962398 North America2389432432 (66) 2460382498 2083262109              Worldwide32703423612 (71) 33433403683 28983293227 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, teresa.wong@bakerhughes.com Pam Easton, +1.713.439.8391, pamela.easton@bakerhughes.comInvestor Relations:Adam Anderson, +1.713.439.8039, adam.anderson@bakerhughes.com SOURCE Baker Hughes Incorporated