Baker Hughes Announces May 2012 Rig Counts

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

HOUSTON, June 7, 2012 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for May 2012 was 1,225, up 47 from the 1,178 counted in April 2012, and up 74 from the 1,151 counted in May 2011. The international offshore rig count for May 2012 was 319, up 20 from the 299 counted in April 2012 and up 13 from the 306 counted in May 2011. 

The average U.S. rig count for May 2012 was 1,977, up 16 from the 1,961 counted in April 2012 and up 141 from the 1,836 counted in May 2011. The average Canadian rig count for May 2012 was 133, down 25 from the 158 counted in April 2012 and down 11 from the 144 counted in May 2011.

The worldwide rig count for May 2012 was 3,335, up 38 from the 3,297 counted in April 2012 and up 204 from the 3,131 counted in May 2011.      

May 2012 Rotary Rig Counts

May 2012

Month

April 2012

May 2011

Land

OS

Total

Variance

Land

OS

Total

Land

OS

Total

Europe

67

51

118

0

72

46

118

61

49

110

Middle East

268

50

318

6

264

48

312

253

41

294

Africa

48

35

83

3

49

31

80

53

29

82

Latin America

370

87

457

34

342

81

423

329

81

410

Asia Pacific

153

96

249

4

152

93

245

149

106

255

International

906

319

1,225

47

879

299

1,178

845

306

1,151

United States

1,931

46

1,977

16

1,917

44

1,961

1,804

32

1,836

Canada

131

2

133

-25

157

1

158

143

1

144

North America

2,062

48

2,110

-9

2,074

45

2,119

1,947

33

1,980

Worldwide

2,968

367

3,335

38

2,953

344

3,297

2,792

339

3,131

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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