Baker Hughes Announces November 2007 Rig Counts

HOUSTON, Dec. 7 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI; EBS) announced today that the international rig count for November 2007 was 992, down 32 from the 1024 counted in October 2007, and up 53 from the 939 counted in November 2006. The international offshore rig count for November 2007 was 272, down 14 from the 286 counted in October 2007 and up 12 from the 260 counted in November 2006.

The international rig count for November 2007 was impacted by a 16 rig decline in Mexico primarily due to weather delays and a 10 rig decline in the U.K. sector of the North Sea primarily due to weather delays and an unusual number of rigs engaged in non-drilling activities.

The US rig count for November 2007 was 1798, up 36 from the 1762 counted in October 2007 and up 92 from the 1706 counted in November 2006. The Canadian rig count for November 2007 was 371, up 33 from the 338 counted in October 2007 and down 61 from the 432 counted in November 2006.

The worldwide rig count for November 2007 was 3161, up 37 from the 3124 counted in October 2007 and up 84 from the 3077 counted in November 2006.



    November 2007 Rotary Rig Counts

                    November 2007          October 2007         November 2006
                Land   OS  Total  Var.   Land    OS  Total    Land   OS  Total
    -------------------------------------------------------------------------
     Europe       34   37     71  (11)     32    50     82      29   36     65
     Middle
      East       235   30    265   (3)    235    33    268     229   30    259
     Africa       51   18     69    0      54    15     69      51   18     69
     Latin
      America    271   69    340  (15)    289    66    355     250   68    318
     Asia
      Pacific    129  118    247   (3)    128   122    250     120  108    228
                 ---  ---    ---          ---   ---    ---     ---  ---    ---
    Internat
     ional       720  272    992  (32)    738   286   1024     679  260    939

     United
      States    1737   61   1798   36    1713    49   1762    1619   87   1706
     Canada      369    3    371   33     335     3    338     427    5    432
                 ---    -    ---          ---     -    ---     ---    -    ---
    North
     America    2106   64   2169   69    2048    52   2100    2046   92   2138
    --------------------------------------------------------------------------
    Worldwide   2826  336   3161  (37)   2786   338   3124    2725  352   3077



    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 is a leading provider of drilling, formation evaluation, completion and production products and services to the worldwide oil and gas industry.

SOURCE Baker Hughes Incorporated

CONTACT:
Gary R. Flaharty
+1-713-439-8039
or
H. Gene Shiels
+1-713-439-8822
both of Baker Hughes Incorporated