Baker Hughes Announces August 2011 Rig Counts

Sep 08, 2011, 15:47 ET from Baker Hughes

HOUSTON, Sept. 8, 2011 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for August 2011 was 1,183, up 33 from the 1,150 counted in July 2011, and up 81 from the 1,102 counted in August 2010. The international offshore rig count for August 2011 was 318, up 11 from the 307 counted in July 2011 and up 11 from the 307 counted in August 2010.  

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

The US rig count for August 2011 was 1,957, up 57 from the 1,900 counted in July 2011 and up 319 from the 1,638 counted in August 2010.  The Canadian rig count for August 2011 was 473, up 126 from the 347 counted in July 2011 and up 86 from the 387 counted in August 2010.

The worldwide rig count for August 2011 was 3,613, up 216 from the 3,397 counted in July 2011 and up 486 from the 3,127 counted in August 2010.

August 2011 Rotary Rig Counts

August 2011

July 2011

August 2010

Land

OS

Total

Var.

Land

OS

Total

Land

OS

Total

Europe

74

54

128

8

73

47

120

44

40

84

Middle East

250

37

287

0

247

40

287

234

37

271

Africa

48

27

75

14

37

24

61

59

25

84

Latin America

345

96

441

3

344

94

438

311

77

388

Asia Pacific

148

104

252

8

142

102

244

147

128

275

International

865

318

1183

33

843

307

1150

795

307

1102

United States

1923

34

1957

57

1865

35

1900

1618

20

1638

Canada

471

2

473

126

346

1

347

386

1

387

North America

2394

36

2430

183

2211

36

2247

2004

21

2025

Worldwide

3259

354

3613

216

3054

343

3397

2799

328

3127

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



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