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Baker Hughes Announces December 2009 Rig Counts

HOUSTON, Jan 08, 2010 /PRNewswire via COMTEX News Network/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for December 2009 was 1,024, down 1 from the 1,025 counted in November 2009, and down 54 from the 1,078 counted in December 2008. The international offshore rig count for December 2009 was 281, down 3 from the 284 counted in November 2009 and down 10 from the 291 counted in December 2008.

The US rig count for December 2009 was 1,172, up 65 from the 1,107 counted in November 2009 and down 610 from the 1,782 counted in December 2008. The Canadian rig count for December 2009 was 313, up 36 from the 277 counted in November 2009 and down 48 from the 361 counted in December 2008.

The worldwide rig count for December 2009 was 2,509, up 100 from the 2,409 counted in November 2009 and down 712 from the 3,221 counted in December 2008.

December 2009 Rotary Rig Counts

December 2009                 November 2009       December 2008
Land OS Total        Var.    Land OS Total          Land OS Total
--------------------------------------------------------------------------
Europe                        38 46 84                  (2)         40 46 86                 48 53 101
Middle East                215 36 251               (2)      221 32 253              246 33 279
Africa                        59 11 70                     2        54 14 68                   51 16 67
Latin America             280 73 353               (8)      284 77 361               312 77 389
Asia Pacific                151 115 266               9      142 115 257              130 112 242
--- --- --- --- --- --- --- --- ---
International              743 281 1024             (1)     741 284 1025             787 291 1078
United States            1136 36 1172             65     1071 36 1107            1716 66 1782
Canada                     310 3 313                   36      277 0 277                   359 2 361
--- --- --- --- --- --- --- --- ---
North America              1446 39 1485       101      1348 36 1384           2075 68 2143
--------------------------------------------------------------------------
Worldwide                 2189 320 2509                   2089 320 2409          2862 359 3221

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 at http://www.bakerhughes.com/investor/rig.

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

SOURCE Baker Hughes Incorporated

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