Baker Hughes Announces March 2012 Rig Counts
HOUSTON, April 9, 2012 /PRNewswire/ -- Baker Hughes Incorporated
announced today that the international rig count for March 2012 was 1,192, down 12 from the 1,204 counted in February 2012, and up 45 from the 1,147 counted in March 2011. The international offshore rig count for March 2012 was 303, down 17 from the 320 counted in February 2012 and up 8 from the 295 counted in March 2011.The average U.S. rig count for March 2012 was 1,979, down 11 from the 1,990 counted in February 2012 and up 259 from the 1,720 counted in March 2011. The average Canadian rig count for March 2012 was 492, down 214 from the 706 counted in February 2012 and down 75 from the 567 counted in March 2011.
The worldwide rig count for March 2012 was 3,663, down 237 from the 3,900 counted in February 2012 and up 229 from the 3,434 counted in March 2011.
March 2012 Rotary Rig Counts
March 2012 Month February 2012 March 2011
Land OS Total Variance Land OS Total Land OS Total
---- --- ----- -------- ---- --- ----- ---- --- -----
Europe 67 42 109 -11 72 48 120 70 48 118
Middle East 266 46 312 1 261 50 311 247 41 288
Africa 54 35 89 8 48 33 81 44 21 65
Latin
America 351 87 438 -1 349 90 439 335 80 415
Asia
Pacific 151 93 244 -9 154 99 253 156 105 261
--- --- --- --- --- --- --- --- --- ---
International 889 303 1,192 -12 884 320 1,204 852 295 1,147
United
States 1,936 43 1,979 -11 1,948 42 1,990 1,694 26 1,720
Canada 492 0 492 -214 706 0 706 565 2 567
--- --- --- ---- --- --- --- --- --- ---
North America 2,428 43 2,471 -225 2,654 42 2,696 2,259 28 2,287
Worldwide 3,317 346 3,663 -237 3,538 362 3,900 3,111 323 3,434
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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
Web site: http://www.bakerhughes.com/
