Baker Hughes Announces April 2005 Rig Counts

International Rig Count Up 1% From March 2005; Up 8% From One Year Ago;

Worldwide Rig Count Down 8% From March 2005; Up 13% From One Year Ago

HOUSTON, May 6 /PRNewswire-FirstCall/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for April 2005 was 898 up 7 from the 891 counted in March 2005, and up 66 from the 832 counted in April 2004. The international offshore rig count for April 2005 was 266, up 12 from the 254 counted in March 2005 and up 6 from the 260 counted in April 2004.

The US rig count for April 2005 was 1,334, up 28 from the 1,306 counted in March 2005 and up 183 from the 1,151 counted in April 2004. The Canadian rig count for April 2005 was 182, down 238 from the 420 counted in March 2005 and up 29 from the 153 counted in April 2004.

The worldwide rig count for April 2005 was 2,414, down 203 from the 2,617 counted in March 2005 and up 278 from the 2,136 counted in April 2004.

     April 2005 Rotary Rig Counts

                        April 2005             March 2005       April 2004
                     ---------------         --------------   ---------------
                     Land  OS  Total   Var.  Land  OS Total   Land  OS  Total
     ------------------------------------------------------------------------
       Europe          25   41    66   -5     25   46    71     30   50    80
       Middle East    209   37   246    0    213   33   246    194   32   226
       Africa          40   12    52    1     37   14    51     32   14    46
       Latin America  254   66   320    6    256   58   314    213   72   285
       Asia
        Pacific       104  110   214    5    106  103   209    103   92   195
     International    632  266   898    7    637  254   891    572  260   832
       United
        States      1,241   93 1,334   28  1,210   96 1,306  1,058   93 1,151
       Canada         179    3   182 -238    418    2   420    149    4   153
     North America  1,420   96 1,516 -210  1,628   98 1,726  1,207   97 1,304
     ------------------------------------------------------------------------
     Worldwide      2,052  362 2,414 -203  2,265  352 2,617  1,779  357 2,136
     ========================================================================



     April 2005 Workover Rig Counts

                          April 2005  Var.   March 2005    April 2004
     ------------------------------------------------------------------------
       United States         1,297     -2       1,259         1,228
       Canada                  348    -52         718           194
     ------------------------------------------------------------------------
     North America           1,645    -17       1,977         1,422
     ========================================================================

    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 1975. In 1987, 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 is available from our website at http://www.bakerhughes.com/investor/rig .

Baker Hughes is a leading provider of drilling, formation evaluation, completion and production products and services to the worldwide oil and gas industry.

NOT INTENDED FOR BENEFICIAL HOLDERS

Contacts:
Gary R. Flaharty (713) 439-8039
H. Gene Shiels (713) 439-8822

SOURCE Baker Hughes Incorporated