2014

Update: Baker Hughes Announces February 2012 Rig Counts (Retransmitting to CORRECT the Month Variance column in chart, as well as all U.S. and Canada rig counts in the commentary and chart)

HOUSTON, March 7, 2012 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for February 2012 was 1,204, up 33 from the 1,171 counted in January 2012, and up 15 from the 1,189 counted in February  2011. The international offshore rig count for February 2012 was 320, up 13 from the 307 counted in January 2012 and up 11 from the 309 counted in February 2011. 

The average U.S. rig count for February 2012 was 1,990, down 13 from the 2,003 counted in January 2012 and up 272 from the 1,718 counted in February 2011.  The average Canadian rig count for February 2012 was 706, up 129 from the 577 counted in January 2012 and up 77 from the 629 counted in February 2011.

The worldwide rig count for February 2012 was 3,900, up 149 from the 3,751 counted in January 2012 and up 364 from the 3,536 counted in February 2011.  

February 2012 Rotary Rig Counts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

February 2012

 

Month

 

January 2012

 

February 2011

 

 

 

 

Land

OS

Total

 

Variance

 

Land

OS

Total

 

Land

OS

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Europe

 

72

48

120

 

12

 

71

37

108

 

71

47

118

 

 

Middle East

261

50

311

 

0

 

263

48

311

 

252

40

292

 

 

Africa

 

48

33

81

 

3

 

44

34

78

 

66

28

94

 

 

Latin America

349

90

439

 

19

 

334

86

420

 

332

80

412

 

 

Asia Pacific

154

99

253

 

-1

 

152

102

254

 

159

114

273

 

International

884

320

1,204

 

33

 

864

307

1,171

 

880

309

1,189

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United States

1,948

42

1,990

 

-13

 

1,960

43

2,003

 

1,692

26

1,718

 

 

Canada

 

706

0

706

 

129

 

576

1

577

 

627

2

629

 

North America

2,654

42

2,696

 

116

 

2,536

44

2,580

 

2,319

28

2,347

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Worldwide

3,538

362

3,900

 

149

 

3,400

351

3,751

 

3,199

337

3,536

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 57,000-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:   Adam Anderson, +1.713.439.8039, adam.anderson@bakerhughes.com

SOURCE Baker Hughes Incorporated



RELATED LINKS
http://www.bakerhughes.com

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