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Press release from PR Newswire

Baker Hughes Announces June 2012 Rig Counts

Monday, July 09, 2012

Baker Hughes Announces June 2012 Rig Counts06:00 EDT Monday, July 09, 2012HOUSTON, July 9, 2012 /PRNewswire/ -- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for June 2012 was 1,285 rigs. The June international rig count includes the addition of 79 rigs in Iraq. This is the first time Baker Hughes has included Iraq in its international rig count since 1990.The June rig count of 1,285 rigs was up 60 from the 1,225 counted in May 2012, and up 127 from the 1,158 counted in June 2011. The international offshore rig count for June 2012 was 305 rigs, down 14 from the 319 counted in May 2012, and up 7 from the 298 counted in June 2011. The May 2012 and June 2011 rig counts do not include Iraq. The June 2012 rig count also reflects changes for five countries including Indonesia, Colombia, Venezuela, Algeria, and offshore China. The average U.S. rig count for June 2012 was 1,972 rigs, down 5 from the 1,977 counted in May 2012 and up 109 from the 1,863 counted in June 2011. The average Canadian rig count for June 2012 was 227 rigs, up 94 from the 133 counted in May 2012 and down 9 from the 236 counted in June 2011.The worldwide rig count for June 2012 was 3,484 rigs, up 149 from the 3,335 counted in May 2012 and up 227 from the 3,257 counted in June 2011. The May 2012 and June 2011 rig counts do not include Iraq.Beginning this month, the international rig count file has been enhanced to include a data extract from the BHI rig count system together with an interactive table. This table provides users with improved analysis capabilities by providing the ability to cross reference international rig count by Geography (region and country), Location (land and offshore), and Drill for Type (oil, gas, and miscellaneous).  This data set is an enhancement from previous publications which were far less dynamic.June 2012 Rotary Rig CountsJune 2012MonthMay 2012June 2011LandOSTotalVarianceLandOSTotalLandOSTotalEurope7144115-367511187043113Middle East*34951400822685031824941290Africa693710623483583472673Latin America35283435-223708745735187438Asia Pacific13990229-2015396249143101244International9803051,285609063191,2258602981,158United States1,922501,972-51,931461,9771,829341,863Canada22432279413121332351236North America2,146532,199892,062482,1102,064352,099Worldwide3,1263583,4841492,9683673,3352,9243333,257*Middle East rig count for May 2012 and June 2011 does not include IraqAbout 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 count is available from our website at www.bakerhughes.com/rigcount. 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