Baker Hughes Announces July 2012 Rig Counts

Aug 07, 2012, 06:00 ET from Baker Hughes Incorporated

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



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