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Press release from PR Newswire

Baker Hughes Announces November 2013 Rig Counts

Friday, December 06, 2013

Baker Hughes Announces November 2013 Rig Counts

06:00 EST Friday, December 06, 2013

HOUSTON, Dec. 6, 2013 /PRNewswire/ -- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for November 2013 was 1,311, down 4 from the 1,315 counted in October 2013, and up 44 from the 1,267 counted in November 2012. The international offshore rig count for November 2013 was 316, unchanged from October 2013, and up 16 from the 300 counted in November 2012. 

The average U.S. rig count for November 2013 was 1,756, up 12 from the 1,744 counted in October 2013, and down 53 from the 1,809 counted in November 2012. The average Canadian rig count for November 2013 was 385, up 7 from the 378 counted in October 2013, and unchanged from November 2012.

The worldwide rig count for November 2013 was 3,452, up 15 from the 3,437 counted in October 2013, and down 9 from the 3,461 counted in November 2012.      

November 2013 Rotary Rig Counts

November 2013

Month

October 2013

November 2012

Land

Offshore

Total

Variance

Land

Offshore

Total

Land

Offshore

Total

Latin America

322

89

411

-9

332

88

420

328

70

398

Europe

89

48

137

1

90

46

136

76

51

127

Africa

100

35

135

4

96

35

131

68

34

102

Middle East*

346

42

388

5

342

41

383

354

40

394

Asia Pacific

138

102

240

-5

139

106

245

141

105

246

International

995

316

1,311

-4

999

316

1,315

967

300

1,267

United States

1,698

58

1,756

12

1,683

61

1,744

1,758

51

1,809

Canada

384

1

385

7

374

4

378

385

0

385

North America

2,082

59

2,141

19

2,057

65

2,122

2,143

51

2,194

Worldwide

3,077

375

3,452

15

3,056

381

3,437

3,110

351

3,461

* The Middle East rig count excludes rigs in Syria for October and November 2013.

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 60,000-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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