Baker Hughes Announces November 2008 Rig Counts
05 December 2008 - 10:00PM
PR Newswire (US)
HOUSTON, Dec. 5 /PRNewswire-FirstCall/ -- Baker Hughes Incorporated
(NYSE: BHI) announced today that the international rig count for
November 2008 was 1,096, unchanged from the 1,096 counted in
October 2008, and up 104 from the 992 counted in November 2007. The
international offshore rig count for November 2008 was 297, up 13
from the 284 counted in October 2008 and up 25 from the 272 counted
in November 2007. The US rig count for November 2008 was 1,935 down
41 from the 1,976 counted in October 2008 and up 137 from the 1,798
counted in November 2007. The Canadian rig count for November 2008
was 417, down 29 from the 446 counted in October 2008 and up 46
from the 371 counted in November 2007. The worldwide rig count for
November 2008 was 3,448, down 70 from the 3,518 counted in October
2008 and up 287 from the 3,161 counted in November 2007. November
2008 Rotary Rig Counts November 2008 October 2008 November 2007
Land OS Total Var. Land OS Total Land OS Total
------------------------------------------------------------------------
Europe 55 52 107 6 53 48 101 34 37 71 Middle East 244 36 280 (8)
253 35 288 235 30 265 Africa 45 14 59 (1) 48 12 60 51 18 69 Latin
America 320 77 397 (6) 325 78 403 271 69 340 Asia Pacific 135 118
253 9 133 111 244 129 118 247 --- --- --- --- --- --- --- --- ---
International 799 297 1096 0 812 284 1096 720 272 992 United States
1873 62 1935 (41) 1903 73 1976 1737 61 1798 Canada 415 2 417 (29)
444 2 446 369 3 371 --- - --- --- - --- --- - --- North America
2288 64 2352 (70) 2347 75 2422 2106 64 2169
------------------------------------------------------------------------
Worldwide 3087 361 3448 (70) 3159 359 3518 2826 336 3161 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. 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 at
http://www.bakerhughes.com/investor/rig. Baker Hughes provides
reservoir consulting, drilling, formation evaluation, completion
and production products and services to the worldwide oil and gas
industry. Contacts: Gary R. Flaharty (713) 439-8039 H. Gene Shiels
(713) 439-8822 DATASOURCE: Baker Hughes Incorporated CONTACT: Gary
R. Flaharty, +1-713-439-8039, or H. Gene Shiels, +1-713-439-8822,
both of Baker Hughes Incorporated Web Site:
http://www.bakerhughes.com/
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