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Baker Hughes Announces April 2010 Rig Counts

HOUSTON, May 7, 2010 /PRNewswire via COMTEX News Network/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for April 2010 was 1,074, unchanged from the 1,074 counted in March 2010, and up 88 from the 986 counted in April 2009. The international offshore rig count for April 2010 was 308, up 13 from the 295 counted in March 2010 and up 36 from the 272 counted in April 2009.

The US rig count for April 2010 was 1,479, up 60 from the 1,419 counted in March 2010 and up 484 from the 995 counted in April 2009. The Canadian rig count for April 2010 was 123, down 263 from the 386 counted in March 2010 and up 49 from the 74 counted in April 2009.

The worldwide rig count for April 2010 was 2,676, down 203 from the 2,879 counted in March 2010 and up 621 from the 2,055 counted in April 2009.

April 2010 Rotary Rig Counts

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

Europe 45 58 103 9 41 53 94 31* 55* 86
 Middle
 East         222   32   254    (7)   224   37    261   223   30    253
 Africa         59   26    85     3     59   23     82    50   12     62
 Latin
 America      294   76   370    (8)   305   73    378   278   71    349
 Asia
 Pacific      146  116   262     3    150  109    259   132  104    236
 ---  ---   ---          ---  ---    ---   ---  ---    ---
 International   766  308  1074     0    779  295   1074   713  273    986

 United
 States      1426   53  1479    60   1369   50   1419   947   48    995
 Canada        122    1   123  (263)   383    3    386    73    1     74
 ---  ---   ---          ---  ---    ---   ---  ---    ---
 North
 America       1548   54  1602  (203)  1752   53   1805  1020   49   1069

 Worldwide      2314  362  2676  (203)  2531  348   2879  1733  322   2055
* 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 at http://investor.shareholder.com/bhi/rig_counts/rc_index.cfm .

Baker Hughes provides reservoir consulting, drilling, 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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