Baker Hughes Announces February 2009 Rig Counts

HOUSTON, March 6, 2009 /PRNewswire-FirstCall via COMTEX/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for February 2009 was 1,020, down 24 from the 1,044 counted in January 2009, and down 12 from the 1,032 counted in February 2008. The international offshore rig count for February 2009 was 286, up 7 from the 279 counted in January 2009 and up 11 from the 275 counted in February 2008.

The US rig count for February 2009 was 1,320, down 233 from the 1,553 counted in January 2009 and down 445 from the 1,765 counted in February 2008. The Canadian rig count for February 2009 was 413, up 36 from the 377 counted in January 2009 and down 207 from the 620 counted in February 2008.

The worldwide rig count for February 2009 was 2,753, down 221 from the 2,974 counted in January 2009 and down 664 from the 3,417 counted in February 2008.

February 2009 Rotary Rig Counts

                     February 2009          January  2008     February 2008
                    Land  OS  Total  Var.  Land   OS  Total  Land  OS Total
    -----------------------------------------------------------------------
      Europe          30  51    81   (12)   39    54    93    46   35   81
      Middle East    233  31   264   (10)  239    35   274   243   29  272
      Africa          44  15    59     1    46    12    58    42   16   58
      Latin America  294  80   374    (7)  305    76   381   299   74  373
      Asia Pacific   133 109   242     4   136   102   238   127  121  248
                     --- ---   ---         ---   ---   ---   ---  ---  ---
    International    734 286  1020   (24)  765   279  1044   757  275 1032

      United States 1264  56  1320  (233) 1487    66  1553  1709   56 1765
      Canada         412   1   413    36   375     2   377   619    1  620
                     ---  --   ---         ---    --   ---   ---   --  ---
    North America   1676  57  1733  (197) 1862    68  1930  2328   57 2385

    Worldwide       2410 343  2753  (221) 2627   347  2974  3085  332 3417

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


http://www.bakerhughes.com