Baker Hughes Announces August 2012 Rig Counts

Sep 10, 2012, 06:00 ET from Baker Hughes Incorporated

HOUSTON, Sept. 10, 2012 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for August 2012 was 1,261, down 3 from the 1,264 counted in July 2012, and up 78 from the 1,183 counted in August 2011. The international offshore rig count for August 2012 was 300, up 14 from the 286 counted in July 2012 and down 18 from the 318 counted in August 2011. 

The average U.S. rig count for August 2012 was 1,913, down 32 from the 1,945 counted in July 2012 and down 45 from the 1,958 counted in August 2011. The average Canadian rig count for August 2012 was 316, up 9 from the 307 counted in July 2012 and down 157 from the 473 counted in August 2011.

The worldwide rig count for August 2012 was 3,490, down 26 from the 3,516 counted in July 2012 and down 124 from the 3,614 counted in August 2011.      

August 2012 Rotary Rig Counts

August 2012

Month

July 2012

August 2011

Land

OS

Total

Variance

Land

OS

Total

Land

OS

Total

Europe

71

47

118

8

72

38

110

74

54

128

Middle East*

341

47

388

-13

352

49

401

250

37

287

Africa

80

31

111

6

80

25

105

48

27

75

Latin America

337

80

417

2

337

78

415

345

96

441

Asia Pacific

132

95

227

-6

137

96

233

148

104

252

International

961

300

1,261

-3

978

286

1,264

865

318

1,183

United States

1,863

50

1,913

-32

1,894

51

1,945

1,923

35

1,958

Canada

315

1

316

9

304

3

307

471

2

473

North America

2,178

51

2,229

-23

2,198

54

2,252

2,394

37

2,431

Worldwide

3,139

351

3,490

-26

3,176

340

3,516

3,259

355

3,614

*

Middle East rig count for August 2011 does not include Iraq

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 is a leading supplier of oilfield services, products, technology and systems to the worldwide oil and natural gas industry. The company's 58,000-plus employees today work in more than 80 countries helping customers find, evaluate, drill, produce, transport and process hydrocarbon resources. For more information on Baker Hughes' century-long history, visit www.bakerhughes.com.

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:   

Trey Clark, +1.713.439.8039, trey.clark@bakerhughes.com

Eric Holcomb, +1.713.439.8822, eric.s.holcomb@bakerhughes.com

SOURCE Baker Hughes Incorporated



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