|  October 30, 2014  |  
Overcast   24.0F  |  Forecast »
Bookmark and Share Email this page Email Print this page Print Feed Feed

Baker 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
 --------------------------------------------------------------------------
 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.


Add your comment:
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement