Baker Hughes Announces November 2012 Rig Counts

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

HOUSTON, Dec. 7, 2012 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for November 2012 was 1,267, up 8 from the 1,259 counted in October 2012, and up 82 from the 1,185 counted in November 2011. The international offshore rig count for November 2012 was 300, down 6 from the 306 counted in October 2012 and down 2 from the 302 counted in November 2011. 

The average U.S. rig count for November 2012 was 1,809, down 25 from the 1,834 counted in October 2012 and down 202 from the 2,011 counted in November 2011. The average Canadian rig count for November 2012 was 384, up 19 from the 365 counted in October 2012 and down 103 from the 487 counted in November 2011.

The worldwide rig count for November 2012 was 3,460, up 2 from the 3,458 counted in October 2012 and down 223 from the 3,683 counted in November 2011.      

November 2012 Rotary Rig Counts

November 2012

Month

October 2012

November 2011

Land

OS

Total

Variance

Land

OS

Total

Land

OS

Total

Europe

76

51

127

3

76

48

124

74

48

122

Middle East*

354

40

394

17

334

43

377

269

39

308

Africa

68

34

102

-2

74

30

104

55

31

86

Latin America

328

70

398

-14

329

83

412

335

87

422

Asia Pacific

141

105

246

4

140

102

242

150

97

247

International

967

300

1,267

8

953

306

1,259

883

302

1,185

United States

1,758

51

1,809

-25

1,785

49

1,834

1,975

36

2,011

Canada

384

0

384

19

364

1

365

486

1

487

North America

2,142

51

2,193

-6

2,149

50

2,199

2,461

37

2,498

Worldwide

3,109

351

3,460

2

3,102

356

3,458

3,344

339

3,683

*

Middle East rig count for November 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, +1.281.209.7050, 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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