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Press release from PR Newswire

Baker Hughes Announces September 2012 Rig Counts

Friday, October 05, 2012

Baker Hughes Announces September 2012 Rig Counts06:00 EDT Friday, October 05, 2012HOUSTON, Oct. 5, 2012 /PRNewswire/ -- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for September 2012 was 1,254, down 7 from the 1,261 counted in August 2012, and up 80 from the 1,174 counted in September 2011. The international offshore rig count for September 2012 was 293, down 7 from the 300 counted in August 2012 and down 11 from the 304 counted in September 2011.  The average U.S. rig count for September 2012 was 1,859, down 54 from the 1,913 counted in August 2012 and down 119 from the 1,978 counted in September 2011. The average Canadian rig count for September 2012 was 356, up 40 from the 316 counted in August 2012 and down 154 from the 510 counted in September 2011.The worldwide rig count for September 2012 was 3,469, down 21 from the 3,490 counted in August 2012 and down 193 from the 3,662 counted in September 2011.      September 2012 Rotary Rig Counts September 2012MonthAugust 2012September 2011LandOSTotalVarianceLandOSTotalLandOSTotalEurope7846124671471187446120Middle East*33645381-73414738825537292Africa8424108-38031111522678Latin America33180411-63378041734191432Asia Pacific13298230313295227148104252International9612931,254-79613001,2618703041,174United States1,808511,859-541,863501,9131,946321,978Canada35513564031513165091510North America2,163522,215-142,178512,2292,455332,488Worldwide3,1243453,469-213,1393513,4903,3253373,662*Middle East rig count for September 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 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, SOURCE Baker Hughes