Baker Hughes Announces April 2007 Rig Counts; Correction to U.S. Workover Rig Count

HOUSTON, May 8, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Baker Hughes Incorporated (NYSE: BHI; EBS) announced today that the international rig count for April 2007 was 984, down 10 from the 994 counted in March 2007, and up 72 from the 912 counted in April 2006. The international offshore rig count for April 2007 was 294, up 11 from the 283 counted in March 2007 and up 25 from the 269 counted in April 2006.

The US rig count for April 2007 was 1,751, up 2 from the 1,749 counted in March 2007 and up 154 from the 1,597 counted in April 2006. The Canadian rig count for April 2007 was 101, down 291 from the 392 counted in March 2007 and down 97 from the 198 counted in April 2006.

The worldwide rig count for April 2007 was 2,836, down 299 from the 3,135 counted in March 2007 and up 129 from the 2,707 counted in April 2006.


    April 2007 Rotary Rig Counts
                        April 2007          March 2007        April 2006
                     Land    OS  Total  Land    OS  Total  Land   OS   Total
     -----------------------------------------------------------------------
      Europe           24    63    87    28     49    77     26    55    81
      Middle East(1)  220    28   248    230    30   260    201    25   226
      Africa           49    11    60     51    14    65     39    17    56
      Latin America   283    66   349    291    74   365    264    63   327
      Asia Pacific    114   126   240    111   116   227    113   109   222
                      ---   ---   ---    ---   ---   ---    ---   ---   ---
    International     690   294   984    711   283   994    643   269   912

      United
      States         1676    75  1751   1668    81  1749   1502    95  1597
      Canada           97     4   101    390     2   392    196     2   198
                      ---   ---   ---    ---   ---   ---    ---   ---   ---
    North America    1773    79  1852   2058    83  2141   1698    97  1795
    -----------------------------------------------------------------------
    Worldwide        2463   373  2836   2769   366  3135   2341   349  2707

     (1) 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.



April 2007 Workover Rig Counts (Correction to U.S. Workover - a calculation error occurred in the Rocky Mountain region.)


                        April 2007    Var.    March 2007  April 2006
    ----------------------------------------------------------------
      United States        1474*      (22)*      1496        1569
      Canada                271      (364)        635         318
    North America          1745*     (386)*      2131        1887

    * Revised

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.

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

NOT INTENDED FOR BENEFICIAL HOLDERS

SOURCE: Baker Hughes Incorporated

Gary R. Flaharty, +1-713-439-8039, or H. Gene Shiels, +1-713-439-8822, both of Baker
Hughes Incorporated

http://www.bakerhughes.com