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Last updated on April 19, 2014 at 13:20 EDT

Baker Hughes Announces April 2013 Rig Counts

May 7, 2013

HOUSTON, May 7, 2013 /PRNewswire/ — Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for April 2013 was 1,301, up 33 from the 1,268 counted in March 2013, and up 123 from the 1,178 counted in April 2012. The international offshore rig count for April 2013 was 331, up 15 from the 316 counted in March 2013 and up 32 from the 299 counted in April 2012.

The average U.S. rig count for April 2013 was 1,755, down 1 from the 1,756 counted in March 2013 and down 206 from the 1,961 counted in April 2012. The average Canadian rig count for April 2013 was 153, down 311 from the 464 counted in March 2013 and down 5 from the 158 counted in April 2012.

The worldwide rig count for April 2013 was 3,209, down 279 from the 3,488 counted in March 2013 and down 88 from the 3,297 counted in April 2012.

April 2013 Rotary Rig Counts

                                                    April 2013                                Month                     March 2013            April 2012

                                                       Land              OS              Total            Variance                 Land         OS       Total       Land       OS      Total
                                                       ----              ---             -----            --------                 ----         ---      -----       ----       ---     -----

                                                              340              89                429                 -8                   352         85         437        342      81         423

     Latin America

                                                               85              51                136                  3                    80         53         133         72      46         118

     Europe

                                                               88              37                125                 10                    83         32         115         49      31          80

     Africa

                                                              309              45                354                 18                   295         41         336        264      48         312

     Middle East*

                                                              148             109                257                 10                   142        105         247        152      93         245

     Asia Pacific

    International                                             970             331              1,301                 33                   952        316       1,268        879     299       1,178

                                                            1,706              49              1,755                 -1                 1,705         51       1,756      1,917      44       1,961

     United States

                                                              150               3                153               -311                   462          2         464        157       1         158

     Canada

    North America                                           1,856              52              1,908               -312                 2,167         53       2,220      2,074      45       2,119

    Worldwide                                               2,826             383              3,209               -279                 3,119        369       3,488      2,953     344       3,297
                                                            =====             ===              =====               ====                 =====        ===       =====      =====     ===       =====

    * The Middle East rig count excludes rigs in Syria for April and  March 2013 and Iraq for April 2012.
    -----------------------------------------------------------------------------------------------------

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

                Christine Mathers, + 1.713.439.8738, christine.mathers@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


Source: PR Newswire