Baker Hughes Announces May 2005 Rig Counts

International Rig Count Up 2% From April 2005; Up 10% From One Year Ago;

Worldwide Rig Count Up 3% From April 2005; Up 13% From One Year Ago

HOUSTON, June 6 /PRNewswire-FirstCall/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for May 2005 was 919 up 21 from the 898 counted in April 2005, and up 80 from the 839 counted in May 2004. The international offshore rig count for May 2005 was 275, up 9 from the 266 counted in April 2005 and up 26 from the 249 counted in May 2004.

The US rig count for May 2005 was 1,319, down 15 from the 1,334 counted in April 2005 and up 155 from the 1,164 counted in May 2004. The Canadian rig count for May 2005 was 247, up 64 from the 183 counted in April 2005 and up 60 from the 187 counted in May 2004.

The worldwide rig count for May 2005 was 2,485, up 70 from the 2,415 counted in April 2005 and up 295 from the 2,190 counted in May 2004.



     May 2005 Rotary Rig Counts

                         May 2005               April 2005        May 2004
                     ----------------        ---------------   ---------------
                      Land   OS Total   Var.  Land  OS Total   Land   OS Total
    --------------------------------------------------------------------------
      Europe            27   45    72    6     25   41    66     27   44    71
      Middle East      211   34   245   -1    209   37   246    191   34   225
      Africa            33   13    46   -6     40   12    52     37   14    51
      Latin America    264   66   330   10    254   66   320    225   68   293
      Asia Pacific     109  117   226   12    104  110   214    110   89   199
    International      644  275   919   21    632  266   898    590  249   839
      United States  1,229   90 1,319  -15  1,241   93 1,334  1,069   95 1,164
      Canada           244    3   247   64    180    3   183    185    2   187
    North America    1,473   93 1,566   49  1,421   96 1,517  1,254   97 1,351
    --------------------------------------------------------------------------
    Worldwide        2,117  368 2,485   70  2,053  362 2,415  1,844  346 2,190
    ==========================================================================


     May 2005 Workover Rig Counts

                          May 2005   Var.   April 2005     May 2004
    --------------------------------------------------------------------------
      United States         1,336     39       1,297         1,205
      Canada                  466    118         348           490
    --------------------------------------------------------------------------
    North America           1,802    157       1,645         1,695
    ==========================================================================


    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 at http://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.

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

SOURCE Baker Hughes Incorporated
Web site: http://www.bakerhughes.com
http://www.bakerhughes.com/investor/rig