Baker Hughes Announces December 2012 Rig Counts

HOUSTON, Jan. 8, 2013 /PRNewswire/ -- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for December 2012 was 1,253, down 14 from the 1,267 counted in November 2012, and up 73 from the 1,180 counted in December 2011. The international offshore rig count for December 2012 was 299, down 1 from the 300 counted in November 2012 and unchanged from the 299 counted in December 2011. 

The average U.S. rig count for December 2012 was 1,784, down 25 from the 1,809 counted in November 2012 and down 219 from the 2,003 counted in December 2011. The average Canadian rig count for December 2012 was 353, down 31 from the 384 counted in November 2012 and down 76 from the 429 counted in December 2011.

The worldwide rig count for December 2012 was 3,390, down 70 from the 3,460 counted in November 2012 and down 222 from the 3,612 counted in December 2011.   

December 2012 Rotary Rig Counts



December 2012


Month


November 2012


December 2011



Land

OS

Total


Variance


Land

OS

Total


Land

OS

Total

















Europe

77

59

136


9


76

51

127


70

42

112


Middle East*

321

42

363


-31


354

40

394


263

41

304


Africa

71

31

102


0


68

34

102


48

31

79


Latin America

341

73

414


16


328

70

398


349

89

438


Asia Pacific

144

94

238


-8


141

105

246


151

96

247

International

954

299

1,253


-14


967

300

1,267


881

299

1,180

















United States

1,734

50

1,784


-25


1,758

51

1,809


1,961

42

2,003


Canada

352

1

353


-31


384

0

384


428

1

429

North America

2,086

51

2,137


-56


2,142

51

2,193


2,389

43

2,432
















Worldwide

3,040

350

3,390


-70


3,109

351

3,460


3,270

342

3,612
















*

Middle East rig count for December 2011 does not include Iraq




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.  Baker 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 is a leading supplier of oilfield services, products, technology and systems to the worldwide oil and natural gas industry. The company's 58,000-plus employees today work in more than 80 countries helping customers find, evaluate, drill, produce, transport and process hydrocarbon resources. For more information on Baker Hughes' century-long history, visit www.bakerhughes.com.

CONTACTS:

Media Relations:

Teresa Wong, +1.713.439.8110, teresa.wong@bakerhughes.com

Investor Relations:

Trey Clark, +1.713.439.8039, trey.clark@bakerhughes.com


Eric Holcomb, +1.713.439.8822, eric.s.holcomb@bakerhughes.com

SOURCE Baker Hughes Incorporated

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