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Baker Hughes Announces May 2010 Rig Counts

HOUSTON, June 7, 2010 /PRNewswire via COMTEX News Network/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for May 2010 was 1,090, up 16 from the 1,074 counted in April 2010, and up 97 from the 993 counted in May 2009. The international offshore rig count for May 2010 was 298, down 10 from the 308 counted in April 2010 and up 27 from the 271 counted in May 2009.

The US rig count for May 2010 was 1,513, up 34 from the 1,479 counted in April 2010 and up 595 from the 918 counted in May 2009. The Canadian rig count for May 2010 was 147, up 24 from the 123 counted in April 2010 and up 75 from the 72 counted in May 2009.

The worldwide rig count for May 2010 was 2,750, up 74 from the 2,676 counted in April 2010 and up 767 from the 1,983 counted in May 2009.

May 2010 Rotary Rig Counts

 May 2010                  April 2010          May 2009
 Land   OS  Total Var.   Land   OS  Total Land   OS  Total
 ----  ---  ----- ----   ----  ---  ----- ----  ---  -----

Europe 46 42 88 (15) 45 58 103 38* 44* 82
 Middle East     220   34   254     0    222   32   254   224   29   253
 Africa           61   24    85     0     59   26    85    49   13    62
 Latin America   316   79   395    25    294   76   370   280   77   357
 Asia Pacific    149  119   268     6    146  116   262   131  108   239
 ---  ---   ---          ---  ---   ---
 International     792  298  1090    16    766  308  1074   722  271   993

 United States  1464   49  1513    34   1426   53  1479   864   54   918
 Canada          146    1   147    24    122    1   123    71    1    72
 ---  ---   ---          ---  ---   ---
 North America    1610   50  1660    58   1548   54  1602   935   55   990

 Worldwide        2402  348  2750    74   2314  362  2676  1657  326  1983



* 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.

Contact:
Gary R. Flaharty, +1.713.439.8039, gflaharty @ bakerhughes.com
H. Gene Shiels, +1.713.439.8822, gene.shiels @ bakerhughes.com


SOURCE: Baker Hughes Incorporated

Copyright (C) 2010 PR Newswire. All rights reserved

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