Baker Hughes Announces September 2011 Rig Counts

HOUSTON, Oct. 7, 2011 /PRNewswire via COMTEX/ --

Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for September 2011 was 1,174, down 9 from the 1,183 counted in August 2011, and up 54 from the 1,120 counted in September 2010. The international offshore rig count for September 2011 was 304, down 14 from the 318 counted in August 2011 and down 13 from the 317 counted in September 2010.

The last report of rig activity in Libya was for February 2011.

The US rig count for September 2011 was 1,978, up 21 from the 1,957 counted in August 2011 and up 323 from the 1,655 counted in September 2010. The Canadian rig count for September 2011 was 510, up 37 from the 473 counted in August 2011 and up 163 from the 347 counted in September 2010.

The worldwide rig count for September 2011 was 3,662, up 49 from the 3,613 counted in August 2011 and up 540 from the 3,122 counted in September 2010.

September 2011 Rotary Rig Counts




September 2011



August 2011

September 2010



Land

OS

Total


Var.


Land

OS

Total


Land

OS

Total

















Europe

74

46

120


(8)


74

54

128


46

48

94


Middle East

255

37

292


5


250

37

287


241

35

276


Africa

52

26

78


3


48

27

75


59

29

88


Latin America

341

91

432


(9)


345

96

441


305

76

381


Asia Pacific

148

104

252


0


148

104

252


152

129

281

International

870

304

1174


(9)


865

318

1183


803

317

1120

















United States

1946

32

1978


21


1923

34

1957


1635

20

1655


Canada

509

1

510


37


471

2

473


345

2

347

North America

2455

33

2488


58


2394

36

2430


1980

22

2002















Worldwide

3325

337

3662


49


3259

354

3613


2783

339

3122


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. Baker 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.

Baker Hughes provides reservoir consulting, drilling, pressure pumping, formation evaluation, completion and production products and services to the worldwide oil and gas industry.

CONTACTS:


Media Relations:

Teresa Wong, +1.713.439.8110, teresa.wong@bakerhughes.com


Kathy Shirley, +1.713.439.8135, kathy.shirley@bakerhughes.com

Investor Relations:

Adam Anderson, +1.713.439.8039, adam.anderson@bakerhughes.com

SOURCE Baker Hughes