Baker Hughes Announces August 2007 Rig Counts

HOUSTON, Sept. 10 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI; EBS) announced today that the international rig count for August 2007 was 1,009, down 9 from the 1,018 counted in July 2007, and up 55 from the 954 counted in August 2006. The international offshore rig count for August 2007 was 280, down 16 from the 296 counted in July 2007 and up 2 from the 278 counted in August 2006. The decline in the Latin American offshore rig count reflects the impact of Hurricane Dean in the Gulf of Mexico during the month of August.

The US rig count for August 2007 was 1,804, up 27 from the 1,777 counted in July 2007 and up 66 from the 1,738 counted in August 2006. The Canadian rig count for August 2007 was 343, down 6 from the 349 counted in August 2007 and down 139 from the 482 counted in August 2006.

The worldwide rig count for August 2007 was 3,156, up 12 from the 3,144 counted in July 2007 and down 18 from the 3,174 counted in August 2006.

    August 2007 Rotary Rig Counts

                         August 2007           July 2007       August 2006
                     Land  OS  Total  Var.  Land  OS  Total  Land  OS  Total
    ========================================================================
      Europe           26  56     82    3     25  54     79    25  56     81
      Middle East     234  36    270   (5)   238  37    275   226  30    256
      Africa           55  13     68    8     46  14     60    45  18     63
      Latin America   285  63    348  (12)   285  75    360   265  61    326
      Asia Pacific    129 112    241   (3)   128 116    244   115 113    228
                      --- ---    ---         --- ---    ---   --- ---    ---
    International     729 280   1009   (9)   722 296   1018   676 278    954

      United States  1731  73   1804   27   1699  78   1777  1639  99   1738
      Canada          341   2    343   (6)   347   2    349   479   3    482
                      ---   -    ---         ---   -    ---   ---   -    ---
    North America    2072  75   2147   21   2046  80   2126  2118 102   2220
    ------------------------------------------------------------------------
    Worldwide        2801 355   3156   12   2768 376   3144  2794 380   3174

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 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