Baker Hughes Announces August 2012 Rig Counts
HOUSTON, Sept. 10, 2012 /PRNewswire/ — Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for August 2012 was 1,261, down 3 from the 1,264 counted in July 2012, and up 78 from the 1,183 counted in August 2011. The international offshore rig count for August 2012 was 300, up 14 from the 286 counted in July 2012 and down 18 from the 318 counted in August 2011.
The average U.S. rig count for August 2012 was 1,913, down 32 from the 1,945 counted in July 2012 and down 45 from the 1,958 counted in August 2011. The average Canadian rig count for August 2012 was 316, up 9 from the 307 counted in July 2012 and down 157 from the 473 counted in August 2011.
The worldwide rig count for August 2012 was 3,490, down 26 from the 3,516 counted in July 2012 and down 124 from the 3,614 counted in August 2011.
August 2012 Rotary Rig Counts
August 2012 Month July 2012 August 2011
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Land OS Total Variance Land OS Total Land OS Total
---- --- ----- -------- ---- --- ----- ---- --- -----
Europe 71 47 118 8 72 38 110 74 54 128
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Middle East* 341 47 388 -13 352 49 401 250 37 287
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Africa 80 31 111 6 80 25 105 48 27 75
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Latin
America 337 80 417 2 337 78 415 345 96 441
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Asia Pacific 132 95 227 -6 137 96 233 148 104 252
------- --- --- --- --- --- ---
International 961 300 1,261 -3 978 286 1,264 865 318 1,183
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United
States 1,863 50 1,913 -32 1,894 51 1,945 1,923 35 1,958
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Canada 315 1 316 9 304 3 307 471 2 473
--- --- --- --- --- ---
North America 2,178 51 2,229 -23 2,198 54 2,252 2,394 37 2,431
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Worldwide 3,139 351 3,490 -26 3,176 340 3,516 3,259 355 3,614
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* Middle East rig count for August 2011 does not include
Iraq
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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, +1.713.439.8391, 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
