Baker Hughes Announces September 2007 Rig Counts

HOUSTON, Oct. 5 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI; EBS) announced today that the international rig count for September 2007 was 1,032, up 23 from the 1,009 counted in August 2007, and up 83 from the 949 counted in September 2006. The international offshore rig count for September 2007 was 285, up 5 from the 280 counted in August 2007 and up 21 from the 264 counted in September 2006.

The US rig count for September 2007 was 1,783, down 21 from the 1,804 counted in August 2007 and up 44 from the 1,739 counted in September 2006. The Canadian rig count for September 2007 was 351, up 8 from the 343 counted in August 2007 and down 95 from the 446 counted in September 2006.

The worldwide rig count for September 2007 was 3,166, up 10 from the 3,156 counted in August 2007 and up 32 from the 3,134 counted in September 2006.

    September 2007 Rotary Rig Counts



                     September 2007          August 2007      September 2006
                   Land  OS   Total  Var.  Land  OS  Total    Land  OS  Total
     -------------------------------------------------------------------------
      Europe          31   46    77   (5)     26   56    82      28   48    76
      Middle East    239   34   273    3     234   36   270     226   27   253
      Africa          57   16    73    5      55   13    68      47   17    64
      Latin
      America        291   72   363   15     285   63   348     268   64   332
      Asia Pacific   129  117   246    5     129  112   241     116  108   224
                     ---  ---   ---          ---  ---   ---     ---  ---   ---
    International    747  285  1032   23     729  280  1009     685  264   949

      United
      States        1718   65  1783  (21)   1731   73  1804    1647   92  1739
      Canada         348    3   351    8     341    2   343     441    5   446
                     ---    -   ---          ---    -   ---     ---    -   ---
    North America   2066   68  2134  (13)   2072   75  2147    2088   97  2185
    --------------------------------------------------------------------------
    Worldwide       2813  353  3166   10    2801  355  3156    2773  361  3134



    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.

NOT INTENDED FOR BENEFICIAL HOLDERS

Contact:
Gary R. Flaharty (713) 439-8039
H. Gene Shiels (713) 439-8822

SOURCE Baker Hughes Incorporated

CONTACT: Gary R. Flaharty, 713-439-8039, or H. Gene Shiels,
713-439-8822, both of Baker Hughes Incorporated
Web site: http://www.bakerhughes.com