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Press release from PR Newswire

Baker Hughes Announces May 2012 Rig Counts

Thursday, June 07, 2012

Baker Hughes Announces May 2012 Rig Counts06:00 EDT Thursday, June 07, 2012HOUSTON, June 7, 2012 /PRNewswire/ -- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for May 2012 was 1,225, up 47 from the 1,178 counted in April 2012, and up 74 from the 1,151 counted in May 2011. The international offshore rig count for May 2012 was 319, up 20 from the 299 counted in April 2012 and up 13 from the 306 counted in May 2011.  The average U.S. rig count for May 2012 was 1,977, up 16 from the 1,961 counted in April 2012 and up 141 from the 1,836 counted in May 2011. The average Canadian rig count for May 2012 was 133, down 25 from the 158 counted in April 2012 and down 11 from the 144 counted in May 2011.The worldwide rig count for May 2012 was 3,335, up 38 from the 3,297 counted in April 2012 and up 204 from the 3,131 counted in May 2011.      May 2012 Rotary Rig Counts May 2012MonthApril 2012May 2011LandOSTotalVarianceLandOSTotalLandOSTotalEurope6751118072461186149110Middle East2685031862644831225341294Africa4835833493180532982Latin America37087457343428142332981410Asia Pacific15396249415293245149106255International9063191,225478792991,1788453061,151United States1,931461,977161,917441,9611,804321,836Canada1312133-2515711581431144North America2,062482,110-92,074452,1191,947331,980Worldwide2,9683673,335382,9533443,2972,7923393,131About 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 58,000-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.comPam Easton, +1.713.439.8391, pamela.easton@bakerhughes.com  Investor Relations:Trey Clark, +1.713.439.8039, trey.clark@bakerhughes.comEric Holcomb, +1.713.439.8822, eric.s.holcomb@bakerhughes.com SOURCE Baker Hughes Incorporated