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Press release from PR Newswire

Baker Hughes Announces February 2013 Rig Counts

Thursday, March 07, 2013

Baker Hughes Announces February 2013 Rig Counts06:00 EST Thursday, March 07, 2013HOUSTON, March 7, 2013 /PRNewswire/ -- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for February 2013 was 1,275, down 4 from the 1,279 counted in January 2013, and up 71 from the 1,204 counted in February 2012. The international offshore rig count for February 2013 was 323, up 16 from the 307 counted in January 2013 and up 3 from the 320 counted in February 2012.  Beginning this month, the international rig count excludes rigs in Syria due to difficulty obtaining data as a result of continued civil unrest.  The Syria rig count was 20 rigs in January 2013 and 27 rigs in February 2012.The average U.S. rig count for February 2013 was 1,762, up 5 from the 1,757 counted in January 2013 and down 228 from the 1,990 counted in February 2012. The average Canadian rig count for February 2013 was 642, up 139 from the 503 counted in January 2013 and down 64 from the 706 counted in February 2012.The worldwide rig count for February 2013 was 3,679, up 140 from the 3,539 counted in January 2013 and down 221 from the 3,900 counted in February 2012.      February 2013 Rotary Rig Counts February 2013MonthJanuary 2013February 2012LandOSTotalVarianceLandOSTotalLandOSTotalEurope8253135180541347248120Middle East*30842350-293344537926150311Africa7736113-28134115483381Latin America33988427133377741434990439Asia Pacific146104250131409723715499253International9523231,275-49723071,2798843201,204United States1,708541,76251,705521,7571,948421,990Canada641164213950215037060706North America2,349552,4041442,207532,2602,654422,696Worldwide3,3013783,6791403,1793603,5393,5383623,900*The Middle East rig count excludes rigs in Syria for February 2013 and Iraq for February 2012.About 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.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