Baker Hughes Announces February 2013 Rig Counts

Mar 07, 2013, 06:00 ET from Baker Hughes Incorporated

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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