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Press release from PR Newswire

Baker Hughes Announces November 2012 Rig Counts

Friday, December 07, 2012

Baker Hughes Announces November 2012 Rig Counts06:00 EST Friday, December 07, 2012HOUSTON, Dec. 7, 2012 /PRNewswire/ -- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for November 2012 was 1,267, up 8 from the 1,259 counted in October 2012, and up 82 from the 1,185 counted in November 2011. The international offshore rig count for November 2012 was 300, down 6 from the 306 counted in October 2012 and down 2 from the 302 counted in November 2011.  The average U.S. rig count for November 2012 was 1,809, down 25 from the 1,834 counted in October 2012 and down 202 from the 2,011 counted in November 2011. The average Canadian rig count for November 2012 was 384, up 19 from the 365 counted in October 2012 and down 103 from the 487 counted in November 2011.The worldwide rig count for November 2012 was 3,460, up 2 from the 3,458 counted in October 2012 and down 223 from the 3,683 counted in November 2011.      November 2012 Rotary Rig Counts November 2012MonthOctober 2012November 2011LandOSTotalVarianceLandOSTotalLandOSTotalEurope7651127376481247448122Middle East*35440394173344337726939308Africa6834102-27430104553186Latin America32870398-143298341233587422Asia Pacific141105246414010224215097247International9673001,26789533061,2598833021,185United States1,758511,809-251,785491,8341,975362,011Canada38403841936413654861487North America2,142512,193-62,149502,1992,461372,498Worldwide3,1093513,46023,1023563,4583,3443393,683*Middle East rig count for November 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, +, pamela.easton@bakerhughes.comInvestor Relations:Trey Clark, +1.713.439.8039, trey.clark@bakerhughes.comEric Holcomb, +1.713.439.8822, SOURCE Baker Hughes Incorporated