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Press release from PR Newswire

Baker Hughes Announces December 2012 Rig Counts

Tuesday, January 08, 2013

Baker Hughes Announces December 2012 Rig Counts06:00 EST Tuesday, January 08, 2013HOUSTON, Jan. 8, 2013 /PRNewswire/ -- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for December 2012 was 1,253, down 14 from the 1,267 counted in November 2012, and up 73 from the 1,180 counted in December 2011. The international offshore rig count for December 2012 was 299, down 1 from the 300 counted in November 2012 and unchanged from the 299 counted in December 2011.  The average U.S. rig count for December 2012 was 1,784, down 25 from the 1,809 counted in November 2012 and down 219 from the 2,003 counted in December 2011. The average Canadian rig count for December 2012 was 353, down 31 from the 384 counted in November 2012 and down 76 from the 429 counted in December 2011.The worldwide rig count for December 2012 was 3,390, down 70 from the 3,460 counted in November 2012 and down 222 from the 3,612 counted in December 2011.    December 2012 Rotary Rig Counts December 2012 Month November 2012 December 2011 Land OS Total Variance Land OS Total Land OS Total Europe 77 59 136 9 76 51 127 70 42 112 Middle East* 321 42 363 -31 354 40 394 263 41 304 Africa 71 31 102 0 68 34 102 48 31 79 Latin America 341 73 414 16 328 70 398 349 89 438 Asia Pacific 144 94 238 -8 141 105 246 151 96 247 International 954 299 1,253 -14 967 300 1,267 881 299 1,180 United States 1,734 50 1,784 -25 1,758 51 1,809 1,961 42 2,003 Canada 352 1 353 -31 384 0 384 428 1 429 North America 2,086 51 2,137 -56 2,142 51 2,193 2,389 43 2,432 Worldwide 3,040 350 3,390 -70 3,109 351 3,460 3,270 342 3,612 * Middle East rig count for December 2011 does not include Iraq About the Baker Hughes Rig Counts The 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.com Investor Relations: Trey Clark, +1.713.439.8039, trey.clark@bakerhughes.com Eric Holcomb, +1.713.439.8822, eric.s.holcomb@bakerhughes.com SOURCE Baker Hughes Incorporated