Baker Hughes Announces August 2011 Rig Counts

HOUSTON, Sept. 8, 2011 /PRNewswire/ -- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for August 2011 was 1,183, up 33 from the 1,150 counted in July 2011, and up 81 from the 1,102 counted in August 2010. The international offshore rig count for August 2011 was 318, up 11 from the 307 counted in July 2011 and up 11 from the 307 counted in August 2010.

The last report of rig activity in Libya was for February 2011.

The US rig count for August 2011 was 1,957, up 57 from the 1,900 counted in July 2011 and up 319 from the 1,638 counted in August 2010. The Canadian rig count for August 2011 was 473, up 126 from the 347 counted in July 2011 and up 86 from the 387 counted in August 2010.

The worldwide rig count for August 2011 was 3,613, up 216 from the 3,397 counted in July 2011 and up 486 from the 3,127 counted in August 2010.

August 2011 Rotary Rig Counts

Counts




August 2011



July 2011

August 2010



Land

OS

Total


Var.


Land

OS

Total


Land

OS

Total

















Europe

74

54

128


8


73

47

120


44

40

84


Middle East

250

37

287


0


247

40

287


234

37

271


Africa

48

27

75


14


37

24

61


59

25

84


Latin America

345

96

441


3


344

94

438


311

77

388


Asia Pacific

148

104

252


8


142

102

244


147

128

275

International

865

318

1183


33


843

307

1150


795

307

1102

















United States

1923

34

1957


57


1865

35

1900


1618

20

1638



Canada

471

2

473


126


346

1

347


386

1

387


North America

2394

36

2430


183


2211

36

2247


2004

21

2025















Worldwide

3259

354

3613


216


3054

343

3397


2799

328

3127


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 provides reservoir consulting, drilling, pressure pumping, formation evaluation, completion and production products and services to the worldwide oil and gas industry.

CONTACTS:


Media Relations:

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


Kathy Shirley, +1.713.439.8135, kathy.shirley@bakerhughes.com

Investor Relations:

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