Baker Hughes Announces February 2013 Rig Counts

HOUSTON, March 7, 2013 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for February 2013 was 1,275, down 4 from the 1,279 counted in January 2013, and up 71 from the 1,204 counted in February 2012. The international offshore rig count for February 2013 was 323, up 16 from the 307 counted in January 2013 and up 3 from the 320 counted in February 2012. 

Beginning this month, the international rig count excludes rigs in Syria due to difficulty obtaining data as a result of continued civil unrest.  The Syria rig count was 20 rigs in January 2013 and 27 rigs in February 2012.

The average U.S. rig count for February 2013 was 1,762, up 5 from the 1,757 counted in January 2013 and down 228 from the 1,990 counted in February 2012. The average Canadian rig count for February 2013 was 642, up 139 from the 503 counted in January 2013 and down 64 from the 706 counted in February 2012.

The worldwide rig count for February 2013 was 3,679, up 140 from the 3,539 counted in January 2013 and down 221 from the 3,900 counted in February 2012.      

February 2013 Rotary Rig Counts




February 2013


Month


January 2013


February 2012




Land

OS

Total


Variance


Land

OS

Total


Land

OS

Total


















Europe


82

53

135


1


80

54

134


72

48

120


Middle East*

308

42

350


-29


334

45

379


261

50

311


Africa


77

36

113


-2


81

34

115


48

33

81


Latin America

339

88

427


13


337

77

414


349

90

439


Asia Pacific

146

104

250


13


140

97

237


154

99

253

International

952

323

1,275


-4


972

307

1,279


884

320

1,204


















United States

1,708

54

1,762


5


1,705

52

1,757


1,948

42

1,990


Canada


641

1

642


139


502

1

503


706

0

706

North America

2,349

55

2,404


144


2,207

53

2,260


2,654

42

2,696

















Worldwide


3,301

378

3,679


140


3,179

360

3,539


3,538

362

3,900

















*

The Middle East rig count excludes rigs in Syria for February 2013 and Iraq for February 2012.

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

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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