February 07, 2012 at 09:18 AM EST
Baker Hughes Announces January 2012 Rig Counts

HOUSTON, Feb. 7, 2012 /PRNewswire/ -- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for January 2012 was 1,171, down 9 from the 1,180 counted in December 2011, and up 10 from the 1,161 counted in January 2011. The international offshore rig count for January 2012 was 307, up 8 from the 299 counted in December 2011 and down 1 from the 308 counted in January 2011. 

The last report of rig activity in Libya was for February 2011.

The US rig count for January 2012 was 2,003, unchanged from the 2,003 counted in December 2011 and up 292 from the 1,711 counted in January 2011.  The Canadian rig count for January 2012 was 577, up 148 from the 429 counted in December 2011 and up 13 from the 564 counted in January 2011.

The worldwide rig count for January 2012 was 3,751 up 139 from the 3,612 counted in December 2011 and up 315 from the 3,436 counted in January 2011.  

January 2012 Rotary Rig Counts

 

 

January 2012

 

 

December 2011

January 2011

 

 

Land

OS

Total

 

Var.

 

Land

OS

Total

 

Land

OS

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Europe

71

37

108

 

(4)

 

70

42

112

 

63

54

117

 

Middle East

263

48

311

 

7

 

263

41

304

 

240

29

269

 

Africa

44

34

78

 

(1)

 

48

31

79

 

64

22

86

 

Latin America

334

86

420

 

(18)

 

349

89

438

 

327

76

403

 

Asia Pacific

152

102

254

 

7

 

151

96

247

 

159

127

286

International

864

307

1171

 

(9)

 

881

299

1180

 

853

308

1161

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United States

1960

43

2003

 

0

 

1961

42

2003

 

1685

26

1711

 

 

Canada

576

1

577

 

148

 

428

1

429

 

561

3

564

 

North America

2536

44

2580

 

148

 

2389

43

2432

 

2246

29

2275

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Worldwide

3400

351

3751

 

139

 

3270

342

3612

 

3099

337

3436

 

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 provides reservoir consulting, drilling, pressure pumping, formation evaluation, completion and production products and services to the worldwide oil and gas industry.

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

 

SOURCE Baker Hughes Incorporated

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