Revision: Baker Hughes Announces November 2011 Rig Counts

NOTE: The information contained herein is a revision to the data published at 5:00 am central time on December 7, 2011, and supersedes the prior data.

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

Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for November 2011 was 1,185, down 12 from the 1,197 counted in October 2011, and up 55 from the 1,130 counted in November 2010. The international offshore rig count for November 2011 was 302, down 10 from the 312 counted in October 2011 and down 18 from the 320 counted in November 2010.

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

The US rig count for November 2011 was 2,011, down 6 from the 2,017 counted in October 2011 and up 328 from the 1,683 counted in November 2010. The Canadian rig count for November 2011 was 487, down 21 from the 508 counted in October 2011 and up 67 from the 420 counted in November 2010.

The worldwide rig count for November 2011 was 3,683 down 39 from the 3,722 counted in October 2011 and up 450 from the 3,233 counted in November 2010.

November 2011 Rotary Rig Counts

November 2011

October 2011

November 2010

Land

OS

Total

Var.

Land

OS

Total

Land

OS

Total

Europe

74

48

122

0

75

47

122

46

54

100

Middle East

269

39

308

11

258

39

297

238

36

274

Africa

55

31

86

5

51

30

81

58

29

87

Latin America

335

87

422

(16)

348

90

438

314

79

393

Asia Pacific

150

97

247

(12)

153

106

259

154

122

276

International

883

302

1185

(12)

885

312

1197

810

320

1130

United States

1974

37

2011

(6)

1981

36

2017

1661

22

1683

Canada

486

1

487

(21)

506

2

508

420

0

420

North America

2460

38

2498

(27)

2487

38

2525

2081

22

2103

Worldwide

3343

340

3683

(39)

3372

350

3722

2891

342

3233

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

Pam Easton, +1.713.439.8391, pamela.easton@bakerhughes.com

Investor Relations:

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

SOURCE Baker Hughes Incorporated