Baker Hughes Announces May 2013 Rig Counts

Jun 07, 2013, 06:00 ET from Baker Hughes Incorporated

HOUSTON, June 7, 2013 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for May 2013 was 1,283, down 18 from the 1,301 counted in April 2013, and up 58 from the 1,225 counted in May 2012. The international offshore rig count for May 2013 was 327, down 4 from the 331 counted in April 2013, and up 8 from the 319 counted in May 2012. 

The average U.S. rig count for May 2013 was 1,767, up 12 from the 1,755 counted in April 2013, and down 210 from the 1,977 counted in May 2012. The average Canadian rig count for May 2013 was 128, down 25 from the 153 counted in April 2013, and down 5 from the 133 counted in May 2012.

The worldwide rig count for May 2013 was 3,178, down 31 from the 3,209 counted in April 2013, and down 157 from the 3,335 counted in May 2012.      

May 2013 Rotary Rig Counts

May 2013

Month

April 2013

May 2012

Land

OS

Total

Variance

Land

OS

Total

Land

OS

Total

Latin America

330

94

424

-5

340

89

429

370

87

457

Europe

78

46

124

-12

85

51

136

67

51

118

Africa

87

37

124

-1

88

37

125

48

35

83

Middle East*

318

44

362

8

309

45

354

268

50

318

Asia Pacific

143

106

249

-8

148

109

257

153

96

249

International

956

327

1,283

-18

970

331

1,301

906

319

1,225

United States

1,715

52

1,767

12

1,706

49

1,755

1,931

46

1,977

Canada

126

2

128

-25

150

3

153

131

2

133

North America

1,841

54

1,895

-13

1,856

52

1,908

2,062

48

2,110

Worldwide

2,797

381

3,178

-31

2,826

383

3,209

2,968

367

3,335

*

The Middle East rig count excludes rigs in Syria for May and April 2013 and Iraq for May 2012.

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:

Christine Mathers, + 1.713.439.8738, christine.mathers@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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