Baker Hughes Announces April 2000 Rig Counts

HOUSTON--(BUSINESS WIRE)--May 5, 2000--

International Rig Count Down 1% from March 2000;

Up 1% from 1 year ago; Worldwide Rig Count Down 12% from March 2000;

Up 34% from 1 year ago

Baker Hughes Incorporated (NYSE:BHI)(PCX:BHI)(EBS:BHI), announced today that the international rig count for April 2000 was 602, down 4 from the 606 counted in March 2000 and up 4 from the 598 counted in April 1999. The international offshore rig count for April 2000 was 168, down 5 from the 173 counted in March 2000 and down 30 from the 191 counted in April 1999.

The US rig count for April 2000 was 805, up 32 from the 773 counted in March 2000 and up 309 from the 496 counted in April 1999. The Canadian rig count for April 2000 was 146, down 248 from the 394 counted in March 2000 and up 84 from the 62 counted in April 1999. Canadian rig activity in April continues to be impacted by the seasonal breakup during Canada's spring thaw.

The worldwide rig count for April 2000 was 1553, down 220 from March 2000 and up 397 from the 1156 counted in April 1999.

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April 2000 Rotary Rig Counts

                  April 2000  Variance   March 2000      April 1999
               -------------------------------------------------------
                    Off-                    Off-             Off-
               Land shore Total       Land shore Total Land shore Total
               ---- ----- -----       ---- ----- ----- ---- ----- -----
Europe           37  42    79   (3)     36  46    82    43  43    86
Middle East     126  27   153    4     130  19   149   124  19   143
Africa           25  17    42   (3)     27  18    45    26  15    41
Latin America   167  32   199    0     165  34   199   135  43   178
Asia Pacific     79  50   129   (2)     75  56   131    79  71   150
----------------------------------------------------------------------
International   434 168   602   (4)    433 173   606   407 191   598
U.S.            681 124   805    32    650 123   773   398  98   496
Canada          142   4   146  (248)   389   5   394    57   5    62
----------------------------------------------------------------------
North America   823 128   951  (216) 1,039 128 1,167   455 103   558
----------------------------------------------------------------------
Worldwide     1,257 296 1,553  (220) 1,472 301 1,773   862 294 1,156
======================================================================

April 2000 Workover Rig Counts

                 April 2000   Variance  March 2000   April 1999
                 ---------------------------------   ----------
U.S.               1,070         78         992        786
Canada               244      (168)         412        146
---------------------------------------------------------------
North America      1,314       (90)       1,404        932
===============================================================

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   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. Hughes initiated the monthly international rig count in the 1975. In 1987 the Baker Oil Tools began its monthly workover rig count.

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 and North American workover rig counts are scheduled to be released on the 5th working day of the month. Additional detailed information on the Baker Hughes rig counts are available from our website at http://www.bakerhughes.com/investor/rig .

Baker Hughes is a leading supplier of reservoir-centered products, services and systems to the worldwide oil and gas industry.

NOT INTENDED FOR BENEFICIAL HOLDERS

CONTACT: Baker Hughes, Houston

             Gary R. Flaharty, 713/439-8039
             gary.flaharty@bakerhughes.com
             or
             Tony J. McAloon, 713/439-8042
             tony.mcaloon@bakerhughes.com