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Press release from PR Newswire

Baker Hughes Announces July 2013 Rig Counts

Wednesday, August 07, 2013

Baker Hughes Announces July 2013 Rig Counts

06:00 EDT Wednesday, August 07, 2013

HOUSTON, Aug. 7, 2013 /PRNewswire/ -- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for July 2013 was 1,305, down 28 from the 1,333 counted in June 2013, and up 41 from the 1,264 counted in July 2012. The international offshore rig count for July 2013 was 320, down 17 from the 337 counted in June 2013, and up 33 from the 287 counted in July 2012. 

The average U.S. rig count for July 2013 was 1,766, up 5 from the 1,761 counted in June 2013, and down 179 from the 1,945 counted in July 2012. The average Canadian rig count for July 2013 was 291, up 108 from the 183 counted in June 2013, and down 16 from the 307 counted in July 2012.

The worldwide rig count for July 2013 was 3,362, up 85 from the 3,277 counted in June 2013, and down 154 from the 3,516 counted in July 2012.

July 2013 Rotary Rig Counts

July 2013

Month

June 2013

July 2012

Land

Offshore

Total

Variance

Land

Offshore

Total

Land

Offshore

Total

Latin America

331

87

418

-5

328

95

423

337

78

415

Europe

90

49

139

1

87

51

138

71

39

110

Africa

90

38

128

-5

93

40

133

80

25

105

Middle East*

332

47

379

-10

346

43

389

352

49

401

Asia Pacific

142

99

241

-9

142

108

250

137

96

233

International

985

320

1,305

-28

996

337

1,333

977

287

1,264

United States

1,708

58

1,766

5

1,706

55

1,761

1,894

51

1,945

Canada

288

3

291

108

182

1

183

304

3

307

North America

1,996

61

2,057

113

1,888

56

1,944

2,198

54

2,252

Worldwide

2,981

381

3,362

85

2,884

393

3,277

3,175

341

3,516

*

The Middle East rig count excludes rigs in Syria for June and July 2013.

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 59,000-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:        

Christine Mathers, + 1.713.439.8738, christine.mathers@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

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