Baker Hughes Announces February 2011 Rig Counts

Houston, Texas - March 8, 2011. Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for February 2011 was 1,189, up 28 from the 1,161 counted in January 2011, and up 121 from the 1,068 counted in February 2010. The international offshore rig count for February 2011 was 309, up 1 from the 308 counted in January 2011 and up 8 from the 301 counted in February 2010.

The US rig count for February 2011 was 1,718, up 7 from January 2011 and up 368 from the 1,350 counted in February 2010. The Canadian rig count for February 2011 was 629, up 65 from the 564 counted in January 2011 and up 65 from the 564 counted in February 2010.

The worldwide rig count for February 2011 was 3,536, up 100 from the 3,436 counted in January 2011 and up 554 from the 2,982 counted in February 2010.

February 2011 Rotary Rig Counts

 

 

February 2011

     

 

January 2011

February 2010

 

 

Land

OS

Total

 

Var.

 

Land

OS

Total

     

Land

OS

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     Europe

71

47

118

 

1

 

63

54

117

 

40

45

85

 

     Middle East

252

40

292

 

23

 

240

29

269

 

219

39

258

 

     Africa

66

28

94

 

8

 

64

22

86

 

55

29

84

 

     Latin America

332

80

412

 

9

 

327

76

403

 

310

72

382

 

Asia Pacific

159

114

273

(13)

 

159

127

286

 

143

116

259

International

880

309

1189

 

28

 

853

308

1161

 

767

301

1068

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     United States

1692

26

1718

 

7

 

1685

26

1711

 

1305

45

1350

 

     Canada

627

2

629

 

 65

 

561

3

564

 

560

4

564

North America

2319

28

2347

 

72

 

2246

29

2275

 

1865

49

1914

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Worldwide

3199

337

3536

 

  100

 

3099

337

3436

 

2632

350

2982

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.

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