Baker Hughes Announces April 2008 Rig Counts

HOUSTON, May 7 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for April 2008 was 1,074, up 20 from the 1,054 counted in March 2008, and up 90 from the 984 counted in April 2007. The international offshore rig count for April 2008 was 297, up 12 from the 285 counted in March 2008 and up 3 from the 294 counted in April 2007.

The US rig count for April 2008 was 1829, up 32 from the 1,797 counted in March 2008 and up 78 from the 1,751 counted in April 2007. The Canadian rig count for April 2008 was 106, down 302 from the 408 counted in March 2008 and up 5 from the 101 counted in April 2007.

The worldwide rig count for April 2008 was 3,009, down 250 from the 3,259 counted in March 2008 and up 173 from the 2,836 counted in April 2007.

    April 2008 Rotary Rig Counts

                    April 2008                 March 2008       April 2007
                 Land   OS  Total    Var.   Land  OS  Total   Land  OS  Total
    --------------------------------------------------------------------------
     Europe        46   47    93     (7)    48   52    100     24   63     87
     Middle
      East        244   35   279     10    238   31    269    220   28    248
     Africa        55   18    73      3     52   18     70     49   11     60
     Latin
      America     294   86   380      0    302   78    380    283   66    349
     Asia
      Pacific     138  111   249     14    129  106    235    114  126    240

    International 777  297  1074     20    769  285   1054    690  294    984

     United
      States     1765   64  1829     32   1737   60   1797   1676   75   1751
     Canada       105    1   106   (302)   407    1    408     97    4    101
    North
     America     1870   65  1935   (270)  2144   61   2205   1773   79   1852
    --------------------------------------------------------------------------

    Worldwide    2647  362  3009   (250)  2913  346   3259   2463  337   2836


    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.

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 at http://www.bakerhughes.com/investor/rig.

Baker Hughes provides reservoir consulting, 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

SOURCE  Baker Hughes Incorporated
    -0-                             05/07/2008
    /CONTACT:  Gary R. Flaharty, +1-713-439-8039, or H. Gene Shiels,
+1-713-439-8822/
    /Web site:  http://www.bakerhughes.com /
    (BHI)

CO:  Baker Hughes Incorporated
ST:  Texas
IN:  OIL
SU:

DT-AJ
-- LAW072 --
0456 05/07/2008 06:00 EDT http://www.prnewswire.com