Baker Hughes Announces June 2007 Rig Counts

HOUSTON, July 9 /PRNewswire-FirstCall/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for June 2007 was 1,015, up 8 from the 1,007 counted in May 2007, and up 109 from the 906 counted in June 2006. The international offshore rig count for June 2007 was 285, down 11 from the 296 counted in May 2007 and up 20 from the 265 counted in June 2006.

The US rig count for June 2007 was 1,771, up 23 from the 1,748 counted in May 2007 and up 106 from the 1,665 counted in June 2006. The Canadian rig count for June 2007 was 210, up 103 from the 107 counted in May 2007 and down 198 from the 408 counted in June 2006.

The worldwide rig count for June 2007 was 2,996, up 134 from the 2,862 counted in May 2007 and up 17 from the 2,979 counted in June 2006.


    June 2007 Rotary Rig Counts

                      June 2007                May 2007         June 2006
                   Land  OS  Total   Var.  Land   OS Total   Land  OS  Total
    ------------------------------------------------------------------------
     Europe          25  41    66    (22)    28   60   88      21   57    78
     Middle East(1) 235  34   269      1    237   31  268     203   32   235
     Africa          48  17    65      5     44   16   60      35   13    48
     Latin
     America        293  73   366     16    277   73  350     266   62   328
     Asia Pacific   129 120   249      8    125  116  241     116  101   217
                    --- ---   ---      -    ---  ---  ---     ---  ---   ---
    International   730 285  1015      8    711  296 1007     641  265   906

     United
     States        1692  79  1771     23   1671   77 1748   1570    95  1665
     Canada         208   2   210    103    105    2  107    404     4   408
                    ---   -   ---    ---    ---    -  ---    ---     -   ---
    North America  1900  81  1981    126   1776   79 1855   1974    99  2073
    ------------------------------------------------------------------------
    Worldwide      2630 366  2996    134   2487  375 2862   2615   364  2979

   (1) Beginning with the January 2006 report, the company has discontinued
       its rig count for Iran and Sudan.  In the third quarter of 2005, our
       independent foreign subsidiaries initiated a process to prohibit any
       business activity that directly or indirectly involves or facilitates
       transactions in Iran, Sudan or with their governments, including
       government-controlled companies operating outside of these countries.


    June 2007 Workover Rig Counts

                         June 2007       Var.     May 2007       June 2006
    ------------------------------------------------------------------------
      United States         1548            9     1557             1647
      Canada                 486           86      400              760
                             ---           --      ---              ---
    North America           2034           77     1957             2407

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. In 1987, Baker Oil Tools began its monthly workover rig count.

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 and North American workover rig counts are 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 athttp://www.bakerhughes.com/investor/rig.

Baker Hughes is a leading provider of drilling, formation evaluation, completion and production products and services to the worldwide oil and gas industry.

NOT INTENDED FOR BENEFICIAL HOLDERS

Contacts:
Gary R. Flaharty (713) 439-8039
H. Gene Shiels (713) 439-8822

SOURCE: Baker Hughes Incorporated

CONTACT: Gary R. Flaharty, +1-713-439-8039, H. Gene Shiels,
+1-713-439-8822, both of Baker Hughes Incorporated
Web site: http://www.bakerhughes.com