Baker Hughes Announces June 2012 Rig Counts

09 Jul, 2012, 06:00 ET from Baker Hughes Incorporated

HOUSTON, July 9, 2012 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for June 2012 was 1,285 rigs. The June international rig count includes the addition of 79 rigs in Iraq. This is the first time Baker Hughes has included Iraq in its international rig count since 1990.

The June rig count of 1,285 rigs was up 60 from the 1,225 counted in May 2012, and up 127 from the 1,158 counted in June 2011. The international offshore rig count for June 2012 was 305 rigs, down 14 from the 319 counted in May 2012, and up 7 from the 298 counted in June 2011. The May 2012 and June 2011 rig counts do not include Iraq. The June 2012 rig count also reflects changes for five countries including Indonesia, Colombia, Venezuela, Algeria, and offshore China.

The average U.S. rig count for June 2012 was 1,972 rigs, down 5 from the 1,977 counted in May 2012 and up 109 from the 1,863 counted in June 2011. The average Canadian rig count for June 2012 was 227 rigs, up 94 from the 133 counted in May 2012 and down 9 from the 236 counted in June 2011.

The worldwide rig count for June 2012 was 3,484 rigs, up 149 from the 3,335 counted in May 2012 and up 227 from the 3,257 counted in June 2011. The May 2012 and June 2011 rig counts do not include Iraq.

Beginning this month, the international rig count file has been enhanced to include a data extract from the BHI rig count system together with an interactive table. This table provides users with improved analysis capabilities by providing the ability to cross reference international rig count by Geography (region and country), Location (land and offshore), and Drill for Type (oil, gas, and miscellaneous).  This data set is an enhancement from previous publications which were far less dynamic.

June 2012 Rotary Rig Counts

June 2012

Month

May 2012

June 2011

Land

OS

Total

Variance

Land

OS

Total

Land

OS

Total

Europe

71

44

115

-3

67

51

118

70

43

113

Middle East*

349

51

400

82

268

50

318

249

41

290

Africa

69

37

106

23

48

35

83

47

26

73

Latin America

352

83

435

-22

370

87

457

351

87

438

Asia Pacific

139

90

229

-20

153

96

249

143

101

244

International

980

305

1,285

60

906

319

1,225

860

298

1,158

United States

1,922

50

1,972

-5

1,931

46

1,977

1,829

34

1,863

Canada

224

3

227

94

131

2

133

235

1

236

North America

2,146

53

2,199

89

2,062

48

2,110

2,064

35

2,099

Worldwide

3,126

358

3,484

149

2,968

367

3,335

2,924

333

3,257

*

Middle East rig count for May 2012 and June 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 count is available from our website at www.bakerhughes.com/rigcount.

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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