Baker Hughes Announces September 2005 Rig Counts

International Rig Count Down 1% From August 2005; Up 5% From One Year Ago; Worldwide Rig Count Down 1% From August 2005; Up 20% From One Year Ago

HOUSTON, Oct 07, 2005 /PRNewswire-FirstCall via COMTEX News Network/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for September 2005 was 907 down seven from the 914 counted in August 2005, and up 41 from the 866 counted in September 2004. The international offshore rig count for September 2005 was 269, up one from the 268 counted in August 2005 and up 34 from the 235 counted in September 2004.

The US rig count for September 2005 was 1,452 up 17 from the 1,435 counted in August 2005 and up 212 from the 1,240 counted in September 2004. The Canadian rig count for September 2005 was 497, down 48 from the 545 counted in August 2005 and up 224 from the 273 counted in September 2004.

The worldwide rig count for September 2005 was 2,856 down 38 from the 2,894 counted in August 2005 and up 477 from the 2,379 counted in September 2004.

September 2005 Rotary Rig Counts

                        September 2005         August 2005    September 2004
                     Land   OS  Total  Var.  Land  OS  Total  Land  OS  Total
    --------------------------------------------------------------------------

      Europe           23   44    67   -9     29   47    76    28   35    63
      Middle East     218   28   246   -2    218   30   248   214   34   248
      Africa           35   17    52    3     36   13    49    33   16    49
      Latin America   239   68   307   -1    242   66   308   231   63   294
      Asia Pacific    123  112   235    2    121  112   233   125   87   212
                      ---  ---   ---    -    ---  ---   ---   ---   --   ---
    International     638  269   907   -7    646  268   914   631  235   866

     United States   1361   91  1452   17   1333  102  1435  1149   91  1240
     Canada           491    6   497  -48    540    5   545   270    3   273
                      ---    -   ---  ---    ---    -   ---   ---    -   ---
    North America    1852   97  1949  -31   1873  107  1980  1419   94  1513
    --------------------------------------------------------------------------
    Worldwide        2490  366  2856  -38   2519  375  2894  2050  329  2379


    September 2005 Workover Rig Counts

                     September 2005     Var.     August 2005    September 2004
    --------------------------------------------------------------------------
      United States       1393          -17          1410             1293
      Canada               709           74           635              621
                           ---           --           ---              ---
    North America         2102           57          2045             1914

    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