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FeedBaker Hughes Announces February 2010 Rig Counts
HOUSTON, March 5, 2010 /PRNewswire via COMTEX News Network/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for February 2010 was 1,068, up 21 from the 1,047 counted in January 2010, and up 48 from the 1,020 counted in February 2009. The international offshore rig count for February 2010 was 301, up 13 from the 288 counted in January 2010 and up 15 from the 286 counted in February 2009.
The US rig count for February 2010 was 1,350, up 83 from the 1,267 counted in January 2010 and up 30 from the 1,320 counted in February 2009. The Canadian rig count for February 2010 was 564, up 105 from the 459 counted in January 2010 and up 151 from the 413 counted in February 2009.
The worldwide rig count for February 2010 was 2,982, up 209 from the 2,773 counted in January 2010 and up 229 from the 2,753 counted in February 2009.
February 2010 Rotary Rig Counts
February 2010 January 2010 February 2009
Land OS Total Var. Land OS Total Land OS Total
---- -- ----- ---- ---- -- ----- ---- -- -----
Europe 40 45 85 (1) 40 46 86 30 51 81
Middle East 219 39 258 (2) 222 38 260 233 31 264
Africa 55 29 84 10 51 23 74 44 15 59
Latin America 310 72 382 8 298 76 374 294 80 374
Asia Pacific 143 116 259 6 148 105 253 133 109 242
--- --- --- --- --- --- --- --- ---
International 767 301 1068 21 759 288 1047 734 286 1020
United States 1305 45 1350 83 1225 42 1267 1264 56 1320
Canada 560 4 564 105 456 3 459 412 1 413
--- --- --- --- --- --- --- --- ---
North America 1865 49 1914 188 1681 45 1726 1676 57 1733
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Worldwide 2632 350 2982 209 2440 333 2773 2410 343 2753
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.
