Baker Hughes Announces July 2010 Rig Counts

Houston, Texas – August 6, 2010. Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for July 2010 was 1,109, up 10 from the 1,099 counted in June 2010, and up 135 from the 974 counted in July 2009. The international offshore rig count for July 2010 was 798, up 11 from the 787 counted in June 2010 and up 97 from the 701 counted in July 2009.

The US rig count for July 2010 was 1,573, up 42 from the 1,531 counted in June 2010 and up 642 from the 931 counted in July 2009. The Canadian rig count for July 2010 was 350, up 121 from the 229 counted in June 2010 and up 175 from the 175 counted in July 2009.

The worldwide rig count for July 2010 was 3,032, up 173 from the 2,859 counted in June 2010 and up 952 from the 2,080 counted in July 2009.

July 2010 Rotary Rig Counts

 
 
July 2010
 
 
June 2010
July 2009
 
 
Land
OS
Total
 
Var.
 
Land
OS
Total
 
Land
OS
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Europe
48
50
98
 
1
 
45
52
97
 
36*
37*
73
 
Middle East
236
37
273
 
14
 
223
36
259
 
217
32
249
 
Africa
56
23
79
 
(5)
 
61
23
84
 
45
12
57
 
Latin America
309
78
387
 
(1)
 
314
74
388
 
268
83
351
 
Asia Pacific
149
123
272
 
1
 
144
127
271
 
135
109
244
International
798
311
1109
 
10
 
787
312
1099
 
 
701
273
974
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
United States
1558
15
1573
 
42
 
1511
20
1531
 
894
37
931
 
Canada
348
2
350
 
121
 
227
2
229
 
174
1
175
North America
1906
17
1923
 
163
 
1738
22
1760
 
1068
38
1106
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Worldwide
2704
328
3032
 
173
 
2525
334
2859
 
1769
311
2080

* One rig was reclassified from offshore to land.

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.

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