Baker Hughes Announces July 2009 Rig Counts

HOUSTON, Aug 07, 2009 /PRNewswire via COMTEX/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for July 2009 was 974, up 7 from the 967 counted in June 2009, and down 118 from the 1,092 counted in July 2008. The international offshore rig count for July 2009 was 275, up 6 from the 269 counted in June 2009 and down 37 from the 312 counted in July 2008.

The US rig count for July 2009 was 931, up 36 from the 895 counted in June 2009 and down 1,001 from the 1,932 counted in July 2008. The Canadian rig count for July 2009 was 175, up 50 from the 125 counted in June 2009 and down 237 from the 412 counted in July 2008.

The worldwide rig count for July 2009 was 2,080, up 93 from the 1,987 counted in June 2009 and down 1,356 from the 3,436 counted in July 2008.

July 2009 Rotary Rig Counts

                       July 2009               June  2009      July 2008
                   Land   OS  Total  Var.  Land   OS  Total  Land   OS   Total
                   ----   --  -----  ----  ----   --  -----  ----   --   -----

     Europe          34   39    73    (4)    33   44    77     51   56    107
     Middle East    217   32   249     2    213   34   247    248   32    280
     Africa          45   12    57    (7)    51   13    64     50   13     63
     Latin America  268   83   351     8    268   75   343    299   80    379
     Asia Pacific   135  109   244     8    133  103   236    132  131    263
                    ---  ---   ---          ---  ---   ---    ---  ---    ---

    International   699  275   974     7    698  269   967    780  312   1092

     United States  894   37   931    36    848   47   895   1865   67   1932
     Canada         174    1   175    50    124    1   125    411    1    412
                    ---    -   ---          ---    -   ---    ---    -    ---
    North America  1068   38  1106    86    972   48  1020   2276   68   2344

    Worldwide      1767  313  2080    93   1670  317  1987   3056  380   3436


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