Baker Hughes Announces March 2000 Rig Counts

International Rig Count Up 8% from February 2000;
Down 1% from 1 year ago
Worldwide Rig Count Down 5% from February 1999;
Up 33% from 1 year ago

HOUSTON--(BUSINESS WIRE)--April 7, 2000-

Baker Hughes Incorporated (NYSE:BHI) (PCX:BHI) (EBS:BHI), announced today that the international rig count for March 2000 was 606, up 44 from the 562 counted in February 2000 and down 7 from the 613 counted in March 1999. The international offshore rig count for March 2000 was 173, up 19 from the 154 counted in February 2000 and down 33 from the 206 counted in March 1999.

The U.S. rig count for March 2000 was 773, up 10 from the 763 counted in February 2000 and up 247 from the 526 counted in March 1999. The Canadian rig count for March 2000 was 394, down 150 from the 544 counted in February 2000 and up 196 from the 198 counted in March 1999. Canadian rig activity in March was impacted by the seasonal breakup during Canada's spring thaw.

The worldwide rig count for March 2000 was 1773, down 96 from February 2000 and up 436 from the 1337 counted in March 1999. -0-

*T

March 2000 Rotary Rig Counts

                 March 2000    Variance  February 2000      March 1999
              ----------------- ------ ----------------- -----------------
                    Off-                     Off-              Off-
               Land shore Total         Land shore Total  Land shore Total
              ----- ----- -----        ----- ----- ----- ----- ----- -----
Europe           36    46    82   10     36    36    72    39    50    89
Middle East     130    19   149    8    122    19   141   122    24   146
Africa           27    18    45    7     25    13    38    31    19    50
Latin America   165    34   199   16    150    33   183   129    41   170
Asia Pacific     75    56   131    3     75    53   128    86    72   158
------------- ----- ----- ----- ----  ----- ----- ----- ----- ----- -----
International   433   173   606   44    408   154   562   407   206   613
U.S.            650   123   773   10    641   122   763   420   106   526
Canada          389     5   394 (150)   539     5   544   193     5   198
------------- ----- ----- ----- ----  ----- ----- ----- ----- ----- -----
North America 1,039   128 1,167 (140) 1,180   127 1,307   613   111   724
------------- ----- ----- ----- ----  ----- ----- ----- ----- ----- -----
Worldwide     1,472   301 1,773  (96) 1,588   281 1,869 1,020   317 1,337
============= ===== ===== ===== ====  ===== ===== ===== ===== ===== =====


March 2000 Workover Rig Counts

                      March 2000  Variance  February 2000  March 1999
                      ----------  --------  -------------  ----------
U.S.                       992       (45)        1,037          692
Canada                     412        11           401          257
-------------            -----     -----         -----        -----
North America            1,404       (34)        1,438          949
=============            =====     =====         =====        =====
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    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 U.S. and Canadian drilling activity. Hughes initiated the monthly international rig count in the 1975. In 1987 the 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 are available from our website at http://www.bakerhughes.com/investor/rig .

Baker Hughes is a leading supplier of reservoir-centered products, services and systems to the worldwide oil and gas industry.

NOT INTENDED FOR BENEFICIAL HOLDERS

CONTACT: Baker Hughes Incorporated, Houston

             Gary R. Flaharty, 713/439-8039
             gary.flaharty@bakerhughes.com
             or
             Tony J. McAloon, 713/439-8042
             tony.mcaloon@bakerhughes.com