Baker Hughes Announces October 2009 Rig Counts

HOUSTON, Nov 06, 2009 /PRNewswire-FirstCall via COMTEX/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for October 2009 was 983, down 3 from the 986 counted in September 2009, and down 113 from the 1,096 counted in October 2008. The international offshore rig count for October 2009 was 267, down 8 from the 275 counted in September 2009 and down 17 from the 284 counted in October 2008.

The US rig count for October 2009 was 1,044, up 35 from the 1,009 counted in September 2009 and down 932 from the 1,976 counted in October 2008. The Canadian rig count for October 2009 was 244, up 36 from the 208 counted in September 2009 and down 202 from the 446 counted in October 2008.

The worldwide rig count for October 2009 was 2,271, up 68 from the 2,203 counted in September 2009 and down 1,247 from the 3,518 counted in October 2008.

October 2009 Rotary Rig Counts October 2009 September 2009 October 2008 Land OS Total Var. Land OS Total Land OS Total ---- -- ----- ---- ---- -- ----- ---- -- ----- Europe 43 41 84 1 38 45 83 53 48 101 Middle East 205 34 239 (6) 213 32 245 253 35 288 Africa 47 15 62 5 42 15 57 48 12 60 Latin America 282 69 351 (4) 281 74 355 325 78 403 Asia Pacific 139 108 247 1 137 109 246 133 111 244 --- --- --- --- --- --- --- --- --- International 716 267 983 (3) 711 275 986 812 284 1096 United States 976 33 1009 29 976 33 1009 1903 73 1976 Canada 206 2 208 30 206 2 208 444 2 446 --- - --- --- - --- --- - --- North America 1182 35 1217 59 1182 35 1217 2347 75 2422 Worldwide 1893 310 2203 98 1893 310 2203 3159 359 3518 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.

Contacts:

Gary R. Flaharty [phone]

H. Gene Shiels [phone] SOURCE Baker Hughes Incorporated URL: http://www.bakerhughes.com www.prnewswire.com Copyright (C) 2009 PR Newswire. All rights reserved -0- KEYWORD: Texas INDUSTRY KEYWORD: OIL

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