Update: Baker Hughes Announces February 2012 Rig Counts
(Retransmitting to CORRECT the Month Variance column in chart, as well as all U.S. and Canada rig counts in the commentary and chart)
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 average U.S. rig count for February 2012 was 1,990, down 13 from the 2,003 counted in January 2012 and up 272 from the 1,718 counted in February 2011. The average Canadian rig count for February 2012 was 706, up 129 from the 577 counted in January 2012 and up 77 from the 629 counted in February 2011.
The worldwide rig count for February 2012 was 3,900, up 149 from the 3,751 counted in January 2012 and up 364 from the 3,536 counted in February 2011.
February 2012 Rotary Rig Counts
February 2012 Month January 2012 February 2011
Land OS Total Variance 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 1,204 33 864 307 1,171 880 309 1,189
United
States 1,948 42 1,990 -13 1,960 43 2,003 1,692 26 1,718
Canada 706 0 706 129 576 1 577 627 2 629
--- --- --- --- --- --- --- --- --- ---
North America 2,654 42 2,696 116 2,536 44 2,580 2,319 28 2,347
Worldwide 3,538 362 3,900 149 3,400 351 3,751 3,199 337 3,536
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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.
CONTACTS:
Media Relations: Teresa Wong, +1.713.439.8110, teresa.wong@bakerhughes.com
Pam Easton, +1.713.439.8391, pamela.easton@bakerhughes.com
Investor Relations: Adam Anderson, +1.713.439.8039, adam.anderson@bakerhughes.com
Baker Hughes Incorporated
Web site: http://www.bakerhughes.com/
