Baker Hughes Announces April 2006 Rig Counts

HOUSTON, May 5 /PRNewswire-FirstCall/ -- Baker Hughes Incorporated (NYSE: BHI; EBS) announced today that the international rig count for April 2006 was 912, up 14 from the 898 counted in March 2006, and up 14 from the 898 counted in April 2005. The international offshore rig count for April 2006 was 269, down five from the 274 counted in March 2006 and up three from the 266 counted in April 2005.

(A) Excluding Iran and Sudan, the international rig count for April 2006 was 912, up 14 from the 898 counted in March 2006, and up 72 from the 840 counted in April 2005. The international offshore rig count for April 2006 was 269, down 5 from the 274 counted in March 2006 and up 12 from the 257 counted in April 2005.

The US rig count for April 2006 was 1,597 up 46 from the 1,551 counted in March 2006 and up 263 from the 1,334 counted in April 2005. The Canadian rig count for April 2006 was 198, down 422 from the 620 counted in March 2006 and up 16 from the 182 counted in April 2005.

The worldwide rig count for April 2006 was 2,707, down 362 from the 3,069 counted in March 2006 and up 293 from the 2,414 counted in April 2005. (A) Excluding Iran and Sudan, the worldwide rig count for April 2006 was 2,707 down 362 from the 3,069 counted in March 2006 and up 351 from the 2,356 counted in April 2005.


     April 2006 Rotary Rig Counts

                         April 2006             March 2006        April 2005
                      Land  OS  Total  Var.   Land  OS  Total   Land  OS Total
    --------------------------------------------------------------------------
      Europe           26   55    81     1    25   55    80     25   41    66
      Middle East     201   25   226     5   191   30   221    209   37   246
      Africa           39   17    56    -2    38   20    58     40   12    52
      Latin America   264   63   327    21   250   56   306    254   66   320
      Asia Pacific    113  109   222   -11   120  113   233    104  110   214
                      ---  ---   ---   ---   ---  ---   ---    ---  ---   ---
    International     643  269   912    14   624  274   898    632  266   898

      United States  1502   95  1597    46  1463   88  1551   1241   93  1334
      Canada          196    2   198  -422   617    3   620    179    3   182
                      ---  ---   ---   ---   ---  ---   ---    ---  ---   ---
    North America    1698   97  1795  -376  2080   91  2171   1420   96  1516
    --------------------------------------------------------------------------

    Worldwide        2341  349  2707  -362  2704  349  3069   2052  362  2414

     (A) Beginning with the January 2006 report, the company has discontinued
         its rig count for Iran and Sudan.  In the third quarter of 2005, our
         independent foreign subsidiaries initiated a process to prohibit any
         business activity that directly or indirectly involves or facilitates
         transactions in Iran, Sudan or with their governments, including
         government-controlled companies operating outside of these countries.



     (A) April 2006 Totals excluding Iran and Sudan

                         April 2006           March 2006      April 2005
                      Land  OS  Total  Var.  Land  OS  Total   Land  OS Total
    --------------------------------------------------------------------------
      Middle East     201   25   226     5   191   30   221    160   28   188
                      ---  ---   ---   ---   ---  ---   ---    ---  ---   ---
    International     643  269   912    14   624  274   898    583  257   840

      US             1502   95  1597    46  1463   88  1551   1241   93  1334
      Canada          196    2   198  -422   617    3   620    179    3   182
                      ---  ---   ---   ---   ---  ---   ---    ---  ---   ---
    --------------------------------------------------------------------------
    Worldwide Total  2341  366  2707  -362  2704  365  3069   2003  353  2356


     April 2006 Workover Rig Counts

                             April 2006      Var.      March 2006   April 2005
    --------------------------------------------------------------------------
      United States              1569         30           1539         1297
      Canada                      318       -170            488          348
                                  ---        ---            ---          ---
    North America                1887       -140           2027         1645


    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

CONTACT: Gary R. Flaharty, +1-713-439-8039, or H. Gene Shiels,
+1-713-439-8822, both of Baker Hughes Incorporated
Web site: http://www.bakerhughes.com
http://www.bakerhughes.com/investor/rig