Baker Hughes Announces May 2007 Rig Counts

HOUSTON, June 7 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI; EBS) announced today that the international rig count for May 2007 was 1,007, up 23 from the 984 counted in April 2007, and up 87 from the 920 counted in May 2006. The international offshore rig count for May 2007 was 296, up 2 from the 294 counted in April 2007 and up 21 from the 275 counted in May 2006.

The US rig count for May 2007 was 1,748, down 3 from the 1,751 counted in April 2007 and up 113 from the 1,635 counted in May 2006. The Canadian rig count for May 2007 was 107, up 6 from the 101 counted in April 2007 and down 133 from the 240 counted in May 2006.

The worldwide rig count for May 2007 was 2,862, up 26 from the 2,836 counted in April 2007 and up 67 from the 2,795 counted in May 2006.


    May 2007 Rotary Rig Counts

                        May 2007               April 2007         May 2006
                    Land  OS  Total   Var.  Land   OS Total   Land   OS  Total
      ------------------------------------------------------------------------

      Europe          28  60    88      1     24   63   87      25   61    86
      Middle East(1) 237  31   268     20    220   28  248     198   31   229
      Africa          44  16    60      0     49   11   60      38   12    50
      Latin
      America        277  73   350      1    283   66  349     268   65   333
      Asia Pacific   125 116   241      1    114  126  240     116  106   222
                     --- ---   ---      -    ---  ---  ---     ---  ---   ---
    International    711 296  1007     23    690  294  984     645  275   920

     United
     States         1671  77  1748     -3   1676   75 1751   1535   100  1635
     Canada          105   2   107      6     97    4  101    237     3   240
                     ---   -   ---      -     --    -  ---    ---     -   ---
    North America   1776  79  1855      3   1773   79 1852   1772   103  1875
     -------------------------------------------------------------------------

    Worldwide       2487 375  2862     26   2463  373 2836   2417   378  2795


    (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.


    May 2007 Workover Rig Counts

                          May 2007       Var.   April 2007       May 2006
      United States         1557           83      1474             1657
      Canada                 400          129       271              526
                             ---          ---       ---              ---
    North America           1957          212      1745             2183


    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.

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, or H. Gene Shiels,
+1-713-439-8822, both for Baker Hughes Incorporated
Web site: http://www.bakerhughes.com