Baker Hughes Announces June 2008 Rig Counts

HOUSTON, July 8 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for June 2008 was 1,102, up 27 from the 1,075 counted in May 2008, and up 87 from the 1,015 counted in June 2007. The international offshore rig count for June 2008 was 321, up 16 from the 305 counted in May 2008 and up 36 from the 285 counted in June 2007.

The US rig count for June 2008 was 1901, up 38 from the 1,863 counted in May 2008 and up 130 from the 1,771 counted in June 2007. The Canadian rig count for June 2008 was 266, up 131 from the 135 counted in May 2008 and up 56 from the 210 counted in June 2007.

The worldwide rig count for June 2008 was 3,269, up 196 from the 3,073 counted in May 2008 and up 273 from the 2,996 counted in June 2007.



    June 2008 Rotary Rig Counts

                         June 2008             May 2008          June 2007
                    Land   OS  Total  Var.  Land   OS  Total  Land   OS  Total
    --------------------------------------------------------------------------
      Europe          45   52    97    (4)    47   54   101     25   41    66
      Middle East    244   33   277    (1)   247   31   278    235   34   269
      Africa          50   15    65    (1)    52   14    66     48   17    65
      Latin America  309   89   398    31    282   85   367    293   73   366
      Asia Pacific   133  132   265     2    142  121   263    129  120   249
                     ---  ---   ---          ---  ---   ---    ---  ---   ---
    International    781  321  1102    27    770  305  1075    730  285  1015

     United States  1834   67  1901    38   1795   68  1863   1692   79  1771
     Canada          266    0   266   131    135    0   135    208    2   210
                     ---    -   ---          ---    -   ---    ---    -   ---
    North America   2100   67  2167   169   1930   68  1998   1900   81  1981

    --------------------------------------------------------------------------
    Worldwide       2881  388  3269   196   2700  373  3073   2630  366  2996



    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

Web site: http://www.bakerhughes.com