Baker Hughes Announces May 2008 Rig Counts

HOUSTON, June 6 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for May 2008 was 1,075, up 1 from the 1,074 counted in April 2008, and up 68 from the 1,007 counted in May 2007. The international offshore rig count for May 2008 was 305, up 8 from the 297 counted in April 2008 and up 9 from the 296 counted in May 2007.

The US rig count for May 2008 was 1863, up 34 from the 1,829 counted in April 2008 and up 115 from the 1,748 counted in May 2007. The Canadian rig count for May 2008 was 135, up 29 from the 106 counted in April 2008 and up 28 from the 107 counted in May 2007.

The worldwide rig count for April 2008 was 3,073, up 64 from the 3,009 counted in April 2008 and up 211 from the 2,862 counted in May 2007.



    May 2008 Rotary Rig Counts

                         May 2008               April 2008        May 2007
                     Land  OS   Total  Var.  Land  OS  Total   Land  OS  Total
    --------------------------------------------------------------------------
      Europe          47   54    101    8     46   47    93     28   60     88
      Middle East    247   31    278   (1)   244   35   279    237   31    268
      Africa          52   14     66   (7)    55   18    73     44   16     60
      Latin America  282   85    367  (13)   294   86   380    277   73    350
      Asia Pacific   142  121    263   14    138  111   249    125  116    241
                     ---  ---    ---         ---  ---   ---    ---  ---    ---
    International    770  305   1075    1    777  297  1074    711  296   1007

      United States 1795   68   1863   34   1765   64  1829   1671   77   1748
      Canada         135    0    135   29    105    1   106    105    2    107
                     ---    -    ---         ---    -   ---    ---    -    ---
    North America   1930   68   1998   63   1870   65  1935   1776   79   1855
    --------------------------------------------------------------------------
    Worldwide       2700  373   3073   64   2647  362  3009   2487  375   2862



    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
    -0-                             06/06/2008
    /CONTACT:  Gary R. Flaharty, +1-713-439-8039, or H. Gene Shiels,
+1-713-439-8822, both of Baker Hughes Incorporated/
    /Web site:  http://www.bakerhughes.com /
    (BHI)

CO:  Baker Hughes Incorporated
ST:  Texas
IN:  OIL
SU:

DA-CW
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8607 06/06/2008 12:32 EDT http://www.prnewswire.com