Baker Hughes Announces October 2005 Rig Counts

International Rig Count Unchanged From September 2005; Up 7% From One Year

Ago; Worldwide Rig Count Up 2% From September 2005; Up 19% From One Year Ago

HOUSTON, Nov. 7 /PRNewswire-FirstCall/ -- Baker Hughes Incorporated (NYSE: BHI; EBS) announced today that the international rig count for October 2005 was 903, down four from the 907 counted in September 2005, and up 61 from the 842 counted in October 2004. The international offshore rig count for October 2005 was 264, down five from the 269 counted in September 2005 and up 30 from the 234 counted in October 2004.

The US rig count for October 2005 was 1,479 up 27 from the 1,452 counted in September 2005 and up 239 from the 1,240 counted in October 2004. The Canadian rig count for October 2005 was 541, up 44 from the 497 counted in September 2005 and up 169 from the 372 counted in October 2004.

The worldwide rig count for October 2005 was 2,923 up 67 from the 2,856 counted in September 2005 and up 469 from the 2,454 counted in October 2004.



     October 2005 Rotary Rig Counts

                     October 2005            September 2005    October 2004
                    Land  OS Total   Var.   Land   OS Total   Land  OS Total

      Europe          23  47   70      3      23   44   67      30  40    70
      Middle East    223  36  259     13     218   28  246     205  30   235
      Africa          34  12   46     -6      35   17   52      34  13    47
      Latin America  235  60  295    -12     239   68  307     230  66   296
      Asia Pacific   124 109  233     -2     123  112  235     109  85   194
     International   639 264  903     -4     638  269  907     608 234   842

      United States 1392  87 1479     27    1361   91 1452    1145  95  1240
      Canada         536   5  541     44     491    6  497     369   3   372
     North America  1928  92 2020     71    1852   97 1949    1514  98  1612

     Worldwide      2567 356 2923     67    2490  366 2856    2122 332  2454


      October 2005 Workover Rig Counts

                       October 2005    Var.  September 2005   October 2004
      United States        1431         38        1393             1329
      Canada                750         41         709              721
     North America         2181         79        2102             2050


    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