Baker Hughes Announces May 2009 Rig Counts

HOUSTON, June 5 /PRNewswire-FirstCall/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for May 2009 was 993, up 7 from the 986 counted in April 2009, and down 82 from the 1,075 counted in May 2008. The international offshore rig count for May 2009 was 272, down 1 from the 273 counted in April 2009 and down 33 from the 305 counted in May 2008.

The US rig count for May 2009 was 918, down 77 from the 995 counted in April 2009 and down 945 from the 1,863 counted in May 2008. The Canadian rig count for May 2009 was 72, down 2 from the 74 counted in April 2009 and down 63 from the 135 counted in May 2008.

The worldwide rig count for May 2009 was 1,983, down 72 from the 2,055 counted in April 2009 and down 1,090 from the 3,073 counted in May 2008.



    May 2009 Rotary Rig Counts

                          May 2009              April  2009      May 2008
                      Land  OS  Total  Var.  Land  OS  Total  Land  OS  Total
    -------------------------------------------------------------------------
      Europe           37    45    82   (4)    30   56    86    47   54   101
      Middle East     224    29   253    0    223   30   253   247   31   278
      Africa           29    13    62    0     50   12    62    52   14    66
      Latin America   280    77   357    8    278   71   349   282   85   367
      Asia Pacific    131   108   239    3    132  104   236   142  121   263
                      ---   ---   ---         ---  ---   ---   ---  ---   ---
    International     721   272   993    7    713  273   986   770  305  1075


      United States   864    54   918  (77)   947   48   995  1795   68  1863
      Canada           71     1    72   (2)    73    1    74   135    0   135
                      ---   ---   ---         ---  ---   ---   ---  ---   ---
    North America     935    55   990  (79)  1020   49  1069  1930   68  1998
    -------------------------------------------------------------------------
    Worldwide        1656   327  1983  (72)  1733  322  2055  2700  373  3073

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-                           06/05/2009
    /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 UTI GAS
SU:

PR
-- DA28003 --
5103 06/05/2009 06:00 EDT http://www.prnewswire.com