Baker Hughes Announces September 2000 Rig Counts

HOUSTON--(BUSINESS WIRE)--Oct. 6, 2000--

International Rig Count Up 1% From August 2000; Up 28% From 1 Year Ago Worldwide Rig Count Up 1% From August 2000; Up 33% From 1 Year Ago

Baker Hughes Incorporated (NYSE:BHI)(PCX:BHI)(EBS:BHI) announced today that the international rig count for September 2000 was 714, up 9 from the 705 counted in August 2000 and up 157 from the 557 counted in September 1999. The international offshore rig count for September 2000 was 213, up 5 from the 208 counted in August 2000 and up 61 from the 152 counted in September 1999.

The U.S. rig count for September 2000 was 1,011, up 24 from the 987 counted in August 2000 and up 315 from the 696 counted in September 1999. The Canadian rig count for September 2000 was 314 down 5 from the 319 counted in August 2000 and up 39 from the 275 counted in September 1999.

The worldwide rig count for September 2000 was 2,039 up 28 from the 2,011 counted in August 2000 and up 511 from the 1,528 counted in September 1999.

September 2000 Rotary Rig Counts

               September 2000           August 2000    September 1999
              ----------------        ---------------  ---------------
              Land    OS Total   Var  Land   OS Total  Land   OS Total
----------------------------------------------------------------------

 Europe         39    56    95    5     37   53    90    39   38    77
 Middle East   137    21   158   (6)   140   24   164   111   19   130
 Africa         25    22    47   (3)    26   24    50    25   11    36
 Latin America 207    52   259   10    203   46   249   157   33   190
 Asia Pacific   93    62   155    3     91   61   152    73   51   124
International  501   213   714    9    497  208   705   405  152   557
 U.S.          864   147 1,011   24    828  159   987   587  109   696
 Canada        310     4   314   (5)   315    4   319   270    5   275
 N. America  1,174   151 1,325   19  1,143  163 1,306   857  114   971
----------------------------------------------------------------------
Worldwide    1,675   364 2,039   28  1,640  371 2,011 1,262  266 1,528

    September 2000 Workover Rig Counts

              September 2000   Var  August 2000  September 1999
----------------------------------------------------------------------
 U.S                   1,034     2        1,032             889
 Canada                  344    17          327             298
----------------------------------------------------------------------
North America          1,378    19        1,359           1,187

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 U.S. and Canadian drilling activity. Hughes initiated the monthly international rig count in 1975. In 1987 the 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 are available from our Web site at http://www.bakerhughes.com/investor/rig.

Baker Hughes is a leading supplier of reservoir-centered products, services and systems to the worldwide oil and gas industry.

NOT INTENDED FOR BENEFICIAL HOLDERS

--30--HM/ho*

CONTACT: Baker Hughes Incorporated, Houston
Gary R. Flaharty, 713/439-8039
gary.flaharty@bakerhughes.com
or
Kyle J. Leak, 713/439-8042
Kyle.leak@bakerhughes.com