Baker Hughes Announces September 2006 Rig Counts

HOUSTON, Oct. 6 /PRNewswire-FirstCall/ -- Baker Hughes Incorporated (NYSE: BHI; EBS) announced today that the international rig count for September 2006 was 949, down 5 from the 954 counted in August 2006, and up 42 from the 907 counted in September 2005. The international offshore rig count for September 2006 was 264, down 14 from the 278 counted in August 2006 and down 5 from the 269 counted in September 2005.

(A) Excluding Iran and Sudan, the international rig count for September 2006 was 949, down 5 from the 954 counted in August 2006, and up 97 from the 852 counted in September 2005. The international offshore rig count for September 2006 was 264, down 14 from the 278 counted in September 2006 and up 1 from the 263 counted in September 2005.

The US rig count for September 2006 was 1,739 up 1 from the 1,738 counted in August 2006 and up 287 from the 1,452 counted in September 2005. The Canadian rig count for September 2006 was 446, down 36 from the 482 counted in August 2006 and down 51 from the 497 counted in September 2005.

The worldwide rig count for September 2006 was 3,134, down 40 from the 3,174 counted in August 2006 and up 278 from the 2,856 counted in September 2005. (A) Excluding Iran and Sudan, the worldwide rig count for September 2006 was 3,134, down 40 from the 3,174 counted in August 2006 and up 333 from the 2,801 counted in September 2005.



    September 2006 Rotary Rig Counts

                        September 2006       August 2006     September 2005
                    Land  OS  Total Var.  Land   OS   Total  Land  OS  Total
    ________________________________________________________________________

      Europe          28   48    76   -5     25    56    81    23   44    67
      Middle East    226   27   253   -3    226    30   256   218   28   246
      Africa          47   17    64    1     45    18    63    35   17    52
      Latin America  268   64   332    6    265    61   326   239   68   307
      Asia Pacific   116  108   224   -4    115   113   228   123  112   235
    International    685  264   949   -5    676   278   954   638  269   907

     United
     States         1647   92  1739   +1   1639    99  1738  1361   91  1452
     Canada          441    5   446  -36    479     3   482   491    6   497
    North America   2088   97  2185  -35   2118   102  2220  1852   97  1949
    ________________________________________________________________________

    Worldwide       2773  361  3134  -40   2794   380  3174  2490  366  2856

(A) Beginning with the January 2006 report, the company has discontinued its rig count for Iran and Sudan. In the third quarter of 2005, our independent foreign subsidiaries initiated a process to prohibit any business activity that directly or indirectly involves or facilitates transactions in Iran, Sudan or with their governments, including government-controlled companies operating outside of these countries.



    (A) September 2006 Totals excluding Iran and Sudan

                        September 2006       August 2006     September 2005
                    Land  OS  Total Var.   Land   OS  Total  Land  OS  Total
  __________________________________________________________________________

      Middle East    226   27   253   -3    226    30   256   169   22   191
    International    685  264   949   -5    676   278   954   589  263   852
   __________________________________________________________________________

    Worldwide Total 2773  361  3134  176   2794   380  3174  2441  360  2801



    September 2006 Workover Rig Counts

                      September 2006    Var.     August 2006    September 2005
    __________________________________________________________________________

      United States        1570         -59          1629            1393
      Canada                576        -139           715             709
    North America          2146        -198          2344            2102


    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