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Press release from PR Newswire

Baker Hughes Announces July 2012 Rig Counts

Tuesday, August 07, 2012

Baker Hughes Announces July 2012 Rig Counts06:00 EDT Tuesday, August 07, 2012HOUSTON, Aug. 7, 2012 /PRNewswire/ -- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for July 2012 was 1,264, down 21 from the 1,285 counted in June 2012, and up 114 from the 1,150 counted in July 2011. The international offshore rig count for July 2012 was 286, down 19 from the 305 counted in June 2012 and down 21 from the 307 counted in July 2011.  The average U.S. rig count for July 2012 was 1,945, down 27 from the 1,972 counted in June 2012 and up 45 from the 1,900 counted in July 2011. The average Canadian rig count for July 2012 was 307, up 80 from the 227 counted in June 2012 and down 40 from the 347 counted in July 2011.The worldwide rig count for July 2012 was 3,516, up 32 from the 3,484 counted in June 2012 and up 119 from the 3,397 counted in July 2011.      July 2012 Rotary Rig Counts July 2012MonthJune 2012July 2011LandOSTotalVarianceLandOSTotalLandOSTotalEurope7238110-571441157347120Middle East*3524940113495140024740287Africa8025105-16937106372461Latin America33778415-203528343534494438Asia Pacific13796233413990229142102244International9782861,264-219803051,2858433071,150United States1,894511,945-271,922501,9721,865351,900Canada30433078022432273461347North America2,198542,252532,146532,1992,211362,247Worldwide3,1763403,516323,1263583,4843,0543433,397*Middle East rig count for July 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 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.comInvestor 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