Baker Hughes Announces February 2012 Rig Counts
HOUSTON, March 7, 2012 /PRNewswire/ -- Baker Hughes Incorporated
announced today that the international rig count for February 2012 was 1,204, up 33 from the 1,171 counted in January 2012, and up 15 from the 1,189 counted in February 2011. The international offshore rig count for February 2012 was 320, up 13 from the 307 counted in January 2012 and up 11 from the 309 counted in February 2011.The US rig count for February 2012 was 1,981, down 27 from the 2,008 counted in January 2012 and up 282 from the 1,699 counted in February 2011. The Canadian rig count for February 2012 was 701, down 19 from the 682 counted in January 2012 and up 78 from the 623 counted in February 2011.
The worldwide rig count for February 2012 was 3,886 up 25 from the 3,861 counted in January 2012 and up 375 from the 3,511 counted in February 2011.
February 2012 Rotary Rig Counts
February 2012 January 2012 February 2011
Land OS Total Var. Land OS Total Land OS Total
---- --- ----- ---- ---- --- ----- ---- --- -----
Europe 72 48 120 (12) 71 37 108 71 47 118
Middle East 261 50 311 0 263 48 311 252 40 292
Africa 48 33 81 (3) 44 34 78 66 28 94
Latin America 349 90 439 (19) 334 86 420 332 80 412
Asia Pacific 154 99 253 1 152 102 254 159 114 273
--- --- --- --- --- --- ---
International 884 320 1204 (33) 864 307 1171 880 309 1189
United States 1938 43 1981 27 1966 42 2008 1674 25 1699
Canada 701 0 701 19 682 0 682 621 2 623
--- --- --- --- --- --- ---
North America 2639 43 2682 46 2648 42 2690 2295 27 2322
Worldwide 3523 363 3886 25 3512 349 3861 3175 336 3511
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 57,000-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.
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Investor
Relations: Adam Anderson, +1.713.439.8039, adam.anderson@bakerhughes.com
Baker Hughes Incorporated
Web site: http://www.bakerhughes.com/
