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Baker Hughes Announces June 2010 Rig Counts

HOUSTON, July 8, 2010 /PRNewswire via COMTEX News Network/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for June 2010 was 1,099, up 9 from the 1,090 counted in May 2010, and up 132 from the 967 counted in June 2009. The international offshore rig count for June 2010 was 312, up 14 from the 298 counted in May 2010 and up 45 from the 267 counted in June 2009.

The Middle East rig count reflects a 14-rig increase in Syria solely attributable to an improvement in our counting methodology.

The US rig count for June 2010 was 1,531, up 18 from the 1,513 counted in May 2010 and up 636 from the 895 counted in June 2009. The Canadian rig count for June 2010 was 229, up 82 from the 147 counted in May 2010 and up 104 from the 125 counted in June 2009.

The worldwide rig count for June 2010 was 2,859, up 109 from the 2,750 counted in May 2010 and up 872 from the 1,987 counted in June 2009.

 June 2010 Rotary Rig Counts

June 2010 May 2010
 Land     OS   Total  Var.  Land   OS   Total
 ----    ---   -----  ----  ----  ---   -----

Europe 45 52 97 9 46 42 88
 Middle East     223     36     259    5    220   34     254
 Africa           61     23      84   (1)    61   24      85
 Latin America   314     74     388   (7)   316   79     395
 Asia Pacific    144    127     271    3    149  119     268
 ---    ---     ---         ---  ---     ---
 International     787    312    1099    9    792  298    1090

United States 1511 20 1531 18 1464 49 1513
 Canada          227      2     229   82    146    1     147
 ---    ---     ---         ---  ---     ---
 North America    1738     22    1760  100   1610   50    1660

 Worldwide        2525    334    2859  109   2402  348    2750


June 2009
 Land     OS   Total
 ----    ---   -----

Europe 35* 42* 77
 Middle East           213     34     247
 Africa                 51     13      64
 Latin America         268     75     343
 Asia Pacific          133    103     236
 ---    ---     ---
 International           700    267     967

 United States         848     47     895
 Canada                124      1     125
 ---    ---     ---
 North America           972     48    1020

 Worldwide              1672    315    1987

 * One rig was reclassified from offshore to land.

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.

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


SOURCE Baker Hughes Incorporated

Copyright (C) 2010 PR Newswire. All rights reserved

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