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Press release from PR Newswire

Baker Hughes Announces February 2012 Rig Counts

Wednesday, March 07, 2012

Baker Hughes Announces February 2012 Rig Counts06:00 EST Wednesday, March 07, 2012 HOUSTON, March 7, 2012 /PRNewswire/ -- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for February  2012 was 1,204, up 33 from the 1,171 counted in January 2012, and up 15 from the 1,189 counted in February  2011. The international offshore rig count for February 2012 was 320, up 13 from the 307 counted in January 2012 and up 11 from the 309 counted in February 2011.  The US rig count for February 2012 was 1,981, down 27 from the 2,008 counted in January 2012 and up 282 from the 1,699 counted in February 2011.  The Canadian rig count for February 2012 was 701, down 19 from the 682 counted in January 2012 and up 78 from the 623 counted in February 2011.The worldwide rig count for February 2012 was 3,886 up 25 from the 3,861 counted in January 2012 and up 375 from the 3,511 counted in February 2011.   February 2012 Rotary Rig Counts  February 2012  January 2012February 2011  LandOSTotal Var. LandOSTotal LandOSTotal                Europe7248120 (12) 7137108 7147118 Middle East26150311 0 26348311 25240292 Africa483381 (3) 443478 662894 Latin America34990439 (19) 33486420 33280412 Asia Pacific15499253 1 152102254 159114273International8843201204 (33) 8643071171 8803091189                United States1938431981 27 1966422008 1674251699  Canada7010701 19 6820682 6212623 North America2639432682 46 2648422690 2295272322              Worldwide35233633886 25 35123493861 31753363511  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 is a leading supplier of oilfield services, products, technology and systems to the worldwide oil and natural gas industry. The company's 57,000-plus employees today work in more than 80 countries helping customers find, evaluate, drill, produce, transport and process hydrocarbon resources. For more information onBaker Hughes' century-long history, visit www.bakerhughes.com. 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