Baker Hughes Announces November 2012 Rig Counts

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



RELATED LINKS
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