Baker Hughes Announces January 2013 Rig Counts

07 Feb, 2013, 06:00 ET from Baker Hughes

HOUSTON, Feb. 7, 2013 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for January 2013 was 1,279, up 26 from the 1,253 counted in December 2012, and up 108 from the 1,171 counted in January 2012. The international offshore rig count for January 2013 was 307, up 8 from the 299 counted in December 2012 and unchanged from the 307 counted in January 2012. 

The average U.S. rig count for January 2013 was 1,757, down 27 from the 1,784 counted in December 2012 and down 246 from the 2,003 counted in January 2012. The average Canadian rig count for January 2013 was 503, up 150 from the 353 counted in December 2012 and down 74 from the 577 counted in January 2012.

The worldwide rig count for January 2013 was 3,539, up 149 from the 3,390 counted in December 2012 and down 212 from the 3,751 counted in January 2012.      

January 2013 Rotary Rig Counts

January 2013

Month

December 2012

January 2012

Land

OS

Total

Variance

Land

OS

Total

Land

OS

Total

Europe

80

54

134

-2

77

59

136

71

37

108

Middle East*

334

45

379

16

321

42

363

263

48

311

Africa

81

34

115

13

71

31

102

44

34

78

Latin America

337

77

414

0

341

73

414

334

86

420

Asia Pacific

140

97

237

-1

144

94

238

152

102

254

International

972

307

1,279

26

954

299

1,253

864

307

1,171

United States

1,705

52

1,757

-27

1,734

50

1,784

1,960

43

2,003

Canada

502

1

503

150

352

1

353

577

0

577

North America

2,207

53

2,260

123

2,086

51

2,137

2,537

43

2,580

Worldwide

3,179

360

3,539

149

3,040

350

3,390

3,401

350

3,751

*

Middle East rig count for January 2012 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

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



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