Baker Hughes Announces September 2012 Rig Counts

               Baker Hughes Announces September 2012 Rig Counts

PR Newswire

HOUSTON, Oct. 5, 2012

HOUSTON, Oct. 5, 2012 /PRNewswire/ --Baker Hughes Incorporated (NYSE:BHI)
announced today that the international rig count for September 2012 was 1,254,
down 7 from the 1,261 counted in August 2012, and up 80 from the 1,174 counted
in September 2011. The international offshore rig count for September 2012 was
293, down 7 from the 300 counted in August 2012 and down 11 from the 304
counted in September 2011.

The average U.S. rig count for September 2012 was 1,859, down 54 from the
1,913 counted in August 2012 and down 119 from the 1,978 counted in September
2011. The average Canadian rig count for September 2012 was 356, up 40 from
the 316 counted in August 2012 and down 154 from the 510 counted in September
2011.

The worldwide rig count for September 2012 was 3,469, down 21 from the 3,490
counted in August 2012 and down 193 from the 3,662 counted in September
2011.

September 2012 Rotary Rig Counts

                 September 2012     Month     August 2012      September 2011
                 Land   OS   Total  Variance  Land  OS  Total  Land  OS  Total
    Europe       78     46   124    6         71    47  118    74    46  120
    Middle East* 336    45   381    -7        341   47  388    255   37  292
    Africa       84     24   108    -3        80    31  111    52    26  78
    Latin        331    80   411    -6        337   80  417    341   91  432
    America
    Asia Pacific 132    98   230    3         132   95  227    148   104 252
International    961    293  1,254  -7        961   300 1,261  870   304 1,174
    United       1,808  51   1,859  -54       1,863 50  1,913  1,946 32  1,978
    States
    Canada       355    1    356    40        315   1   316    509   1   510
North America    2,163  52   2,215  -14       2,178 51  2,229  2,455 33  2,488
Worldwide        3,124  345  3,469  -21       3,139 351 3,490  3,325 337 3,662
*   Middle East rig count for September 2011 does
    not include Iraq

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
58,000-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:  Trey Clark, +1.713.439.8039,
                         trey.clark@bakerhughes.com
                         Eric Holcomb, +1.713.439.8822,
                         eric.s.holcomb@bakerhughes.com

SOURCE Baker Hughes

Website: http://www.bakerhughes.com
 
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