Baker Hughes Announces November 2012 Rig Counts

               Baker Hughes Announces November 2012 Rig Counts

PR Newswire

HOUSTON, Dec. 7, 2012

HOUSTON, Dec. 7, 2012 /PRNewswire/ -- Baker Hughes Incorporated (NYSE:BHI)
announced today that the international rig count for November 2012 was 1,267,
up 8 from the 1,259 counted in October 2012, and up 82 from the 1,185 counted
in November 2011. The international offshore rig count for November 2012 was
300, down 6 from the 306 counted in October 2012 and down 2 from the 302
counted in November 2011.

The average U.S. rig count for November 2012 was 1,809, down 25 from the 1,834
counted in October 2012 and down 202 from the 2,011 counted in November 2011.
The average Canadian rig count for November 2012 was 384, up 19 from the 365
counted in October 2012 and down 103 from the 487 counted in November 2011.

The worldwide rig count for November 2012 was 3,460, up 2 from the 3,458
counted in October 2012 and down 223 from the 3,683 counted in November
2011. 

November 2012 Rotary Rig Counts

                 November 2012    Month     October 2012     November 2011
                 Land  OS  Total  Variance  Land  OS  Total  Land  OS  Total
   Europe        76    51  127    3         76    48  124    74    48  122
   Middle East*  354   40  394    17        334   43  377    269   39  308
   Africa        68    34  102    -2        74    30  104    55    31  86
   Latin America 328   70  398    -14       329   83  412    335   87  422
   Asia Pacific  141   105 246    4         140   102 242    150   97  247
International    967   300 1,267  8         953   306 1,259  883   302 1,185
   United States 1,758 51  1,809  -25       1,785 49  1,834  1,975 36  2,011
   Canada        384   0   384    19        364   1   365    486   1   487
North America    2,142 51  2,193  -6        2,149 50  2,199  2,461 37  2,498
Worldwide        3,109 351 3,460  2         3,102 356 3,458  3,344 339 3,683
*  Middle East rig count for November 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