Baker Hughes Announces January 2010 Rig Counts

News provided by

Baker Hughes Incorporated

Feb 05, 2010, 12:39 ET

HOUSTON, Feb. 5 /PRNewswire-FirstCall/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for January 2010 was 1,047, up 23 from the 1,024 counted in December 2009, and up 3 from the 1,044 counted in January 2009.  The international offshore rig count for January 2010 was 288, up 7 from the 281 counted in December 2009 and up 9 from the 279 counted in January 2009.  

The US rig count for January 2010 was 1,267, up 95 from the 1,172 counted in December 2009 and down 286 from the 1,553 counted in January 2009.  The Canadian rig count for January 2010 was 459, up 146 from the 313 counted in December 2009 and up 82 from the 377 counted in January 2009.


The worldwide rig count for January 2010 was 2,773, up 264 from the 2,509 counted in December 2009 and down 201 from the 2,974 counted in January 2009.   

    
    
    January 2010 Rotary Rig Counts
    
                       January 2010           December 2009     January 2009
                     Land   OS  Total  Var.  Land   OS  Total  Land  OS  Total
                     ----  ---  -----  ----  ----  ---  -----  ---- ---  -----
    
      Europe           40   46    86     2     38   46    84    39   54     93
      Middle East     222   38   260     9    215   36   251   239   35    274
      Africa           51   23    74     4     59   11    70    46   12     58
      Latin America   298   76   374    21    280   73   353   305   76    381
      Asia Pacific    148  105   253   (13)   151  115   266   136  102    238
                      ---  ---   ---          ---  ---   ---   ---  ---    ---
    International     759  288  1047    23    743  281  1024   765  279   1044
    
    
      United States  1225   42  1267    95   1136   36  1172  1487   66   1553
      Canada          456    3   459   146    310    3   313   375    2    377
                      ---  ---   ---          ---  ---   ---   ---  ---    ---
    North America    1681   45  1726   241   1446   39  1485  1862   68   1930
    -------------    ----  ---  ----   ---   ----  ---  ----  ----  ---   ----
    
    Worldwide        2440  333  2773   264   2189  320  2509  2627  347   2974

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:

Gary R. Flaharty (713) 439-8039

H. Gene Shiels (713) 439-8822

SOURCE Baker Hughes Incorporated

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