Baker Hughes Announces May 2010 Rig Counts

HOUSTON, June 7 /PRNewswire-FirstCall/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for May 2010 was 1,090, up 16 from the 1,074 counted in April 2010, and up 97 from the 993 counted in May 2009.  The international offshore rig count for May 2010 was 298, down 10 from the 308 counted in April 2010 and up 27 from the 271 counted in May 2009.  

The US rig count for May 2010 was 1,513, up 34 from the 1,479 counted in April 2010 and up 595 from the 918 counted in May 2009.  The Canadian rig count for May 2010 was 147, up 24 from the 123 counted in April 2010 and up 75 from the 72 counted in May 2009.

The worldwide rig count for May 2010 was 2,750, up 74 from the 2,676 counted in April 2010 and up 767 from the 1,983 counted in May 2009.  

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.

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

SOURCE Baker Hughes Incorporated

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