Baker Hughes Announces October 2012 Rig Counts
HOUSTON, Nov. 7, 2012 /PRNewswire/ — Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for October 2012 was 1,259, up 5 from the 1,254 counted in September 2012, and up 62 from the 1,197 counted in October 2011. The international offshore rig count for October 2012 was 306, up 13 from the 293 counted in September 2012 and down 6 from the 312 counted in October 2011.
The average U.S. rig count for October 2012 was 1,834, down 25 from the 1,859 counted in September 2012 and down 183 from the 2,017 counted in October 2011. The average Canadian rig count for October 2012 was 365, up 9 from the 356 counted in September 2012 and down 143 from the 508 counted in October 2011.
The worldwide rig count for October 2012 was 3,458, down 11 from the 3,469 counted in September 2012 and down 264 from the 3,722 counted in October 2011.
October 2012 Rotary Rig Counts
October 2012 Month September 2012 October 2011
Land OS Total Variance Land OS Total Land OS Total
---- --- ----- -------- ---- --- ----- ---- --- -----
Europe 76 48 124 0 78 46 124 75 47 122
Middle East* 334 43 377 -4 336 45 381 258 39 297
Africa 74 30 104 -4 84 24 108 51 30 81
Latin
America 329 83 412 1 331 80 411 348 90 438
Asia Pacific 140 102 242 12 132 98 230 153 106 259
------- --- --- --- --- --- ---
International 953 306 1,259 5 961 293 1,254 885 312 1,197
United
States 1,785 49 1,834 -25 1,808 51 1,859 1,982 35 2,017
Canada 364 1 365 9 355 1 356 506 2 508
--- --- --- --- --- ---
North America 2,149 50 2,199 -16 2,163 52 2,215 2,488 37 2,525
Worldwide 3,102 356 3,458 -11 3,124 345 3,469 3,373 349 3,722
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* Middle East rig count for October 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, +1.281.209.7050, 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
