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Press release from PR Newswire

Baker Hughes Announces August 2012 Rig Counts

Monday, September 10, 2012

Baker Hughes Announces August 2012 Rig Counts06:00 EDT Monday, September 10, 2012HOUSTON, Sept. 10, 2012 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for August 2012 was 1,261, down 3 from the 1,264 counted in July 2012, and up 78 from the 1,183 counted in August 2011. The international offshore rig count for August 2012 was 300, up 14 from the 286 counted in July 2012 and down 18 from the 318 counted in August 2011.  The average U.S. rig count for August 2012 was 1,913, down 32 from the 1,945 counted in July 2012 and down 45 from the 1,958 counted in August 2011. The average Canadian rig count for August 2012 was 316, up 9 from the 307 counted in July 2012 and down 157 from the 473 counted in August 2011.The worldwide rig count for August 2012 was 3,490, down 26 from the 3,516 counted in July 2012 and down 124 from the 3,614 counted in August 2011.      August 2012 Rotary Rig Counts August 2012MonthJuly 2012August 2011LandOSTotalVarianceLandOSTotalLandOSTotalEurope7147118872381107454128Middle East*34147388-133524940125037287Africa803111168025105482775Latin America3378041723377841534596441Asia Pacific13295227-613796233148104252International9613001,261-39782861,2648653181,183United States1,863501,913-321,894511,9451,923351,958Canada3151316930433074712473North America2,178512,229-232,198542,2522,394372,431Worldwide3,1393513,490-263,1763403,5163,2593553,614*Middle East rig count for August 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