Baker Hughes Announces February 2010 Rig Counts

News provided by

Baker Hughes Incorporated

Mar 05, 2010, 06:00 ET

HOUSTON, March 5 /PRNewswire-FirstCall/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for February 2010 was 1,068, up 21 from the 1,047 counted in January 2010, and up 48 from the 1,020 counted in February 2009.  The international offshore rig count for February 2010 was 301, up 13 from the 288 counted in January 2010 and up 15 from the 286 counted in February 2009.  

The US rig count for February 2010 was 1,350, up 83 from the 1,267 counted in January 2010 and up 30 from the 1,320 counted in February 2009.  The Canadian rig count for February 2010 was 564, up 105 from the 459 counted in January 2010 and up 151 from the 413 counted in February 2009.


The worldwide rig count for February 2010 was 2,982, up 209 from the 2,773 counted in January 2010 and up 229 from the 2,753 counted in February 2009.  

February 2010 Rotary Rig Counts


February 2010

January  2010

February 2009


Land

OS

Total

Var.

Land

OS

Total

Land

OS

Total
















Europe

40

45

85

(1)

40

46

86

30

51

81

Middle East

219

39

258

(2)

222

38

260

233

31

264

Africa

55

29

84

10

51

23

74

44

15

59

Latin America

310

72

382

8

298

76

374

294

80

374

Asia Pacific

143

116

259

6

148

105

253

133

109

242

International

767

301

1068

21

759

288

1047

734

286

1020
















United States

1305

45

1350

83

1225

42

1267

1264

56

1320

Canada

560

4

564

105

456

3

459

412

1

413

North America

1865

49

1914

188

1681

45

1726

1676

57

1733














Worldwide

2632

350

2982

209

2440

333

2773

2410

343

2753

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.  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 at http://www.bakerhughes.com/investor/rig.

Baker Hughes provides reservoir consulting, drilling, formation evaluation, completion and production products and services to the worldwide oil and gas industry.

Contacts:

Baker Hughes Incorporated

Gary R. Flaharty (713) 439-8039

P.O. Box 4740

H. Gene Shiels (713) 439-8822

Houston, Texas 77210-4740

SOURCE Baker Hughes Incorporated

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