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Press release from PR Newswire

Baker Hughes Announces March 2012 Rig Counts

Monday, April 09, 2012

Baker Hughes Announces March 2012 Rig Counts06:00 EDT Monday, April 09, 2012HOUSTON, April 9, 2012 /PRNewswire/ -- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for March 2012 was 1,192, down 12 from the 1,204 counted in February 2012, and up 45 from the 1,147 counted in March 2011. The international offshore rig count for March 2012 was 303, down 17 from the 320 counted in February 2012 and up 8 from the 295 counted in March 2011.  The average U.S. rig count for March 2012 was 1,979, down 11 from the 1,990 counted in February 2012 and up 259 from the 1,720 counted in March 2011.  The average Canadian rig count for March 2012 was 492, down 214 from the 706 counted in February 2012 and down 75 from the 567 counted in March 2011.The worldwide rig count for March 2012 was 3,663, down 237 from the 3,900 counted in February 2012 and up 229 from the 3,434 counted in March 2011.      March 2012 Rotary Rig Counts March 2012MonthFebruary 2012March 2011LandOSTotalVarianceLandOSTotalLandOSTotalEurope6742109-1172481207048118Middle East2664631212615031124741288Africa5435898483381442165Latin America35187438-13499043933580415Asia Pacific15193244-915499253156105261International8893031,192-128843201,2048522951,147United States1,936431,979-111,948421,9901,694261,720Canada4920492-21470607065652567North America2,428432,471-2252,654422,6962,259282,287Worldwide3,3173463,663-2373,5383623,9003,1113233,434About the Baker Hughes Rig Counts The 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 Media Relations:           Teresa Wong, +1.713.439.8110, teresa.wong@bakerhughes.comPam Easton, +1.713.439.8391, pamela.easton@bakerhughes.comInvestor Relations: Adam Anderson, +1.713.439.8039, adam.anderson@bakerhughes.comSOURCE Baker Hughes