Baker Hughes Announces July 2012 Rig Counts

HOUSTON, Aug. 7, 2012 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for July 2012 was 1,264, down 21 from the 1,285 counted in June 2012, and up 114 from the 1,150 counted in July 2011. The international offshore rig count for July 2012 was 286, down 19 from the 305 counted in June 2012 and down 21 from the 307 counted in July 2011. 

The average U.S. rig count for July 2012 was 1,945, down 27 from the 1,972 counted in June 2012 and up 45 from the 1,900 counted in July 2011. The average Canadian rig count for July 2012 was 307, up 80 from the 227 counted in June 2012 and down 40 from the 347 counted in July 2011.

The worldwide rig count for July 2012 was 3,516, up 32 from the 3,484 counted in June 2012 and up 119 from the 3,397 counted in July 2011.      

July 2012 Rotary Rig Counts




July 2012


Month


June 2012


July 2011




Land

OS

Total


Variance


Land

OS

Total


Land

OS

Total


















Europe


72

38

110


-5


71

44

115


73

47

120


Middle East*

352

49

401


1


349

51

400


247

40

287


Africa


80

25

105


-1


69

37

106


37

24

61


Latin America

337

78

415


-20


352

83

435


344

94

438


Asia Pacific

137

96

233


4


139

90

229


142

102

244

International

978

286

1,264


-21


980

305

1,285


843

307

1,150


















United States

1,894

51

1,945


-27


1,922

50

1,972


1,865

35

1,900


Canada


304

3

307


80


224

3

227


346

1

347

North America

2,198

54

2,252


53


2,146

53

2,199


2,211

36

2,247

















Worldwide

3,176

340

3,516


32


3,126

358

3,484


3,054

343

3,397

















*

Middle East rig count for July 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



RELATED LINKS
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