Baker Hughes Announces October 2012 Rig Counts

                Baker Hughes Announces October 2012 Rig Counts

PR Newswire

HOUSTON, Nov. 7, 2012

HOUSTON, Nov. 7, 2012 /PRNewswire/ --Baker Hughes Incorporated (NYSE:BHI)
announced today that the international rig count for October 2012 was 1,259,
up 5 from the 1,254 counted in September 2012, and up 62 from the 1,197
counted in October 2011. The international offshore rig count for October 2012
was 306, up 13 from the 293 counted in September 2012 and down 6 from the 312
counted in October 2011.

The average U.S. rig count for October 2012 was 1,834, down 25 from the 1,859
counted in September 2012 and down 183 from the 2,017 counted in October 2011.
The average Canadian rig count for October 2012 was 365, up 9 from the 356
counted in September 2012 and down 143 from the 508 counted in October 2011.

The worldwide rig count for October 2012 was 3,458, down 11 from the 3,469
counted in September 2012 and down 264 from the 3,722 counted in October
2011.

October 2012 Rotary Rig Counts

                  October 2012      Month     September 2012   October 2011
                  Land   OS  Total  Variance  Land  OS  Total  Land  OS  Total
   Europe         76     48  124    0         78    46  124    75    47  122
   Middle East*   334    43  377    -4        336   45  381    258   39  297
   Africa         74     30  104    -4        84    24  108    51    30  81
   Latin America  329    83  412    1         331   80  411    348   90  438
   Asia Pacific   140    102 242    12        132   98  230    153   106 259
International     953    306 1,259  5         961   293 1,254  885   312 1,197
   United States  1,785  49  1,834  -25       1,808 51  1,859  1,982 35  2,017
   Canada         364    1   365    9         355   1   356    506   2   508
North America     2,149  50  2,199  -16       2,163 52  2,215  2,488 37  2,525
Worldwide         3,102  356 3,458  -11       3,124 345 3,469  3,373 349 3,722
* Middle East rig count for October 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, +1.281.209.7050, 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 Incorporated

Website: http://www.bakerhughes.com
 
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