Baker Hughes Announces January 2011 Rig Counts

Houston, Texas - February 7, 2011. Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for January was 1,161, up 43 from the 1,118 counted in December 2010, and up 114 from the 1,047 counted in January 2010. The international offshore rig count for January 2011 was 308, up 5 from the 303 counted in December 2010 and up 20 from the 288 counted in January 2010.

The US rig count for January 2011 was 1,711, unchanged from December 2010 and up 444 from the 1,267 counted in January 2010. The Canadian rig count for January 2011 was 564, up 166 from the 398 counted in December 2010 and up 105 from the 459 counted in
January 2010.

The worldwide rig count for January 2011 was 3,436, up 209 from the 3,227 counted in December 2010 and up 663 from the 2,773 counted in January 2010.

January 2011 Rotary Rig Counts

 

 

January 2011

 

 

December 2010

January 2010

 

 

Land

OS

Total

 

Var.

 

Land

OS

Total

 

Land

OS

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     Europe

63

54

117

 

12

 

56

49

105

 

40

46

86

 

     Middle East

240

29

269

 

2

 

236

31

267

 

222

38

260

 

     Africa

64

22

86

 

7

 

53

26

79

 

51

23

74

 

     Latin America

327

76

403

 

18

 

313

72

385

 

298

76

374

 

     Asia Pacific

159

127

286

4

 

157

125

282

 

148

105

253

International

853

308

1161

 

43

 

815

303

1118

 

759

288

1047

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     United States

1685

26

1711

 

0

 

1687

24

1711

 

1225

42

1267

 

     Canada

561

3

564

 

166

 

396

2

398

 

456

3

459

North America

2246

29

2275

 

166

 

2083

26

2109

 

1681

45

1726

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Worldwide

3099

337

3436

 

209

 

2898

329

3227

 

2440

333

2773

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 .

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