Baker Hughes Announces March 2010 Rig Counts

HOUSTON, April 8, 2010 /PRNewswire via COMTEX News Network/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for March 2010 was 1,074, up 6 from the 1,068 counted in February 2010, and up 62 from the 1,012 counted in March 2009. The international offshore rig count for March 2010 was 295, down 6 from the 301 counted in February 2010 and up 14 from the 281 counted in March 2009.

The US rig count for March 2010 was 1,419, up 69 from the 1,350 counted in February 2010 and up 314 from the 1,105 counted in March 2009. The Canadian rig count for March 2010 was 386, down 178 from the 564 counted in February 2010 and up 190 from the 196 counted in March 2009.

The worldwide rig count for March 2010 was 2,879, down 103 from the 2,982 counted in February 2010 and up 566 from the 2,313 counted in March 2009.

March 2010 Rotary Rig Counts

                         March 2010                 February  2010
                   Land     OS   Total  Var.   Land  OS    Total
                   ----    ---   -----  ----   ---- ---    -----
      Europe          41     53      94     9    40   45      85
      Middle East    224     37     261     3   219   39     258
      Africa          59     23      82    (2)   55   29      84
      Latin
       America       305     73     378    (4)  310   72     382
      Asia Pacific   150    109     259     0   143  116     259
                     ---    ---     ---         ---  ---     ---
    International    779    295    1074     6   767  301    1068

      United
       States       1369     50    1419    69  1305   45    1350
      Canada         383      3     386  (178)  560    4     564
                     ---    ---     ---         ---  ---     ---
    North
     America        1752     53    1805  (109) 1865   49    1914

    Worldwide       2531    348    2879  (103) 2632  350    2982

                         March 2009
                    Land    OS    Total
                    ----   ---    -----
      Europe          37     58      95
      Middle East    231     31     262
      Africa          48     13      61
      Latin
       America       284     74     358
      Asia Pacific   131    105     236
                     ---    ---     ---
    International    731    281    1012
      United
       States       1060     45    1105
      Canada         195      1     196
                     ---    ---     ---
    North
     America        1255     46    1301

    Worldwide       1986    327    2313


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.

    Contact:
    Gary R. Flaharty, +1.713.439.8039, gflaharty @
     bakerhughes.com
    H. Gene Shiels, +1.713.439.8822, gene.shiels @
     bakerhughes.com


SOURCE Baker Hughes Incorporated

Copyright (C) 2010 PR Newswire. All rights reserved