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Last updated on April 19, 2014 at 9:20 EDT

Baker Hughes Announces January 2013 Rig Counts

February 7, 2013

HOUSTON, Feb. 7, 2013 /PRNewswire/ — Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for January 2013 was 1,279, up 26 from the 1,253 counted in December 2012, and up 108 from the 1,171 counted in January 2012. The international offshore rig count for January 2013 was 307, up 8 from the 299 counted in December 2012 and unchanged from the 307 counted in January 2012.

The average U.S. rig count for January 2013 was 1,757, down 27 from the 1,784 counted in December 2012 and down 246 from the 2,003 counted in January 2012. The average Canadian rig count for January 2013 was 503, up 150 from the 353 counted in December 2012 and down 74 from the 577 counted in January 2012.

The worldwide rig count for January 2013 was 3,539, up 149 from the 3,390 counted in December 2012 and down 212 from the 3,751 counted in January 2012.

January 2013 Rotary Rig Counts

                                                                     January 2013                        Month                   December 2012          January 2012
                                                    Land        OS       Total           Variance        Land   OS    Total           Land   OS     Total
                                                    ----        ---      -----           --------        ----  ---    -----           ----  ---     -----

              Europe                                                80       54     134             -2            77     59     136            71         37      108
              Middle East*                                  334     45      379                 16         321    42    363             263    48        311
              Africa                                                81       34     115             13            71     31     102            44         34       78
              Latin America                                 337     77      414                  0         341    73    414             334    86        420
              Asia Pacific                                  140     97      237                 -1         144    94    238             152   102        254
              ----------                                    ---    ---                                     ---   ---                    ---   ---
    International                                                    972      307   1,279             26           954    299   1,253           864        307    1,171

              United States                               1,705     52    1,757                -27       1,734    50  1,784           1,960    43      2,003
              Canada                                               502        1     503            150           352      1     353           577          0      577
                                                                            ---     ---                                 ---     ---                      ---      ---
    North America                                                2,207       53   2,260            123         2,086     51   2,137         2,537         43    2,580

    Worldwide                                                    3,179      360   3,539            149         3,040    350   3,390         3,401        350    3,751
                                                                 =====      ===   =====            ===         =====    ===   =====         =====        ===    =====

    *          Middle East rig count for January 2012 does not
               include Iraq
    ---        -----------------------------------------------

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
    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


Source: PR Newswire