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Press release from PR Newswire

Update: Baker Hughes Announces February 2012 Rig Counts

Wednesday, March 07, 2012

Update: Baker Hughes Announces February 2012 Rig Counts20:10 EST Wednesday, March 07, 2012(Retransmitting to CORRECT the Month Variance column in chart, as well as all U.S. and Canada rig counts in the commentary and chart)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 average U.S. rig count for February 2012 was 1,990, down 13 from the 2,003 counted in January 2012 and up 272 from the 1,718 counted in February 2011.  The average Canadian rig count for February 2012 was 706, up 129 from the 577 counted in January 2012 and up 77 from the 629 counted in February 2011.The worldwide rig count for February 2012 was 3,900, up 149 from the 3,751 counted in January 2012 and up 364 from the 3,536 counted in February 2011.   February 2012 Rotary Rig Counts                      February 2012 Month January 2012 February 2011    LandOSTotal Variance LandOSTotal LandOSTotal                   Europe 7248120 12 7137108 7147118  Middle East26150311 0 26348311 25240292  Africa 483381 3 443478 662894  Latin America34990439 19 33486420 33280412  Asia Pacific15499253 -1 152102254 159114273 International8843201,204 33 8643071,171 8803091,189                   United States1,948421,990 -13 1,960432,003 1,692261,718  Canada 7060706 129 5761577 6272629 North America2,654422,696 116 2,536442,580 2,319282,347                  Worldwide3,5383623,900 149 3,4003513,751 3,1993373,536                                                   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 on Baker 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.comSOURCE Baker Hughes Incorporated