Baker Hughes Announces July 2011 Rig Counts

Houston, Texas - August 5, 2011. Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for July 2011 was 1,150, down 8 from the 1,158 counted in June 2011, and up 41 from the 1,109 counted in July 2010. The international offshore rig count for July 2011 was 307, up 9 from the 298 counted in June 2011 and down 4 from the 311 counted in July 2010.

The last report of rig activity in Libya was for February 2011.

The US rig count for July 2011 was 1,900, up 37 from the 1,863 counted in June 2011 and up 327 from the 1,573 counted in July 2010. The Canadian rig count for July 2011 was 347, up 111 from the 236 counted in June 2011 and down 3 from the 350 counted in July 2010.
The worldwide rig count for July 2011 was 3,397, up 140 from the 3,257 counted in June 2011 and up 365 from the 3,032 counted in July 2010.

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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CONTACTS:
Media Relations: Teresa Wong, +1.713.439.8110, teresa.wong@bakerhughes.com
Investor Relations: Adam Anderson, +1.713.439.8039, adam.anderson@bakerhughes.com