Baker Hughes Announces April 2012 Rig Counts

HOUSTON, May 7, 2012 /PRNewswire via COMTEX/ --Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for April 2012 was 1,178, down 14 from the 1,192 counted in March 2012, and up 49 from the 1,129 counted in April 2011. The international offshore rig count for April 2012 was 299, down 4 from the 303 counted in March 2012 and up 6 from the 293 counted in April 2011.

The average U.S. rig count for April 2012 was 1,961, down 18 from the 1,979 counted in March 2012 and up 171 from the 1,790 counted in April 2011. The average Canadian rig count for April 2012 was 158, down 334 from the 492 counted in March 2012 and down 25 from the 183 counted in April 2011.

The worldwide rig count for April 2012 was 3,297, down 366 from the 3,663 counted in March 2012 and up 195 from the 3,102 counted in April 2011.

April 2012 Rotary Rig Counts




April 2012


Month


March 2012


April 2011




Land

OS

Total


Variance


Land

OS

Total


Land

OS

Total


















Europe


72

46

118


9


67

42

109


65

47

112


Middle East


264

48

312


0


266

46

312


248

41

289


Africa


49

31

80


-9


54

35

89


48

24

72


Latin America


342

81

423


-15


351

87

438


325

77

402


Asia Pacific


152

93

245


1


151

93

244


150

104

254

International


879

299

1,178


-14


889

303

1,192


836

293

1,129


















United States


1,917

44

1,961


-18


1,936

43

1,979


1,762

28

1,790


Canada


157

1

158


-334


492

0

492


182

1

183

North America


2,074

45

2,119


-352


2,428

43

2,471


1,944

29

1,973

















Worldwide


2,953

344

3,297


-366


3,317

346

3,663


2,780

322

3,102

















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. Baker 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.

Baker Hughes is a leading supplier of oilfield services, products, technology and systems to the worldwide oil and natural gas industry. The company's 57,000-plus employees today work in more than 80 countries helping customers find, evaluate, drill, produce, transport and process hydrocarbon resources. For more information on Baker Hughes' century-long history, visit www.bakerhughes.com.

CONTACTS:


Media Relations:

Teresa Wong, +1.713.439.8110, teresa.wong@bakerhughes.com


Pam Easton, +1.713.439.8391, pamela.easton@bakerhughes.com

Investor Relations:

Adam Anderson, +1.713.439.8039, adam.anderson@bakerhughes.com


Eric Holcomb, +1.713.439.8822, eric.s.holcomb@bakerhughes.com

SOURCE Baker Hughes