HOUSTON, Sept. 10 /PRNewswire/ -- Baker Hughes Incorporated(NYSE: BHI; EBS) announced today that the international rig count for August2007 was 1,009, down 9 from the 1,018 counted in July 2007, and up 55 from the954 counted in August 2006. The international offshore rig count for August2007 was 280, down 16 from the 296 counted in July 2007 and up 2 from the 278counted in August 2006. The decline in the Latin American offshore rig countreflects the impact of Hurricane Dean in the Gulf of Mexico during the monthof August.
The US rig count for August 2007 was 1,804, up 27 from the 1,777 countedin July 2007 and up 66 from the 1,738 counted in August 2006. The Canadian rigcount for August 2007 was 343, down 6 from the 349 counted in August 2007 anddown 139 from the 482 counted in August 2006.
The worldwide rig count for August 2007 was 3,156, up 12 from the 3,144counted in July 2007 and down 18 from the 3,174 counted in August 2006.
August 2007 Rotary Rig Counts August 2007 July 2007 August 2006 Land OS Total Var. Land OS Total Land OS Total ======================================================================== Europe 26 56 82 3 25 54 79 25 56 81 Middle East 234 36 270 (5) 238 37 275 226 30 256 Africa 55 13 68 8 46 14 60 45 18 63 Latin America 285 63 348 (12) 285 75 360 265 61 326 Asia Pacific 129 112 241 (3) 128 116 244 115 113 228 --- --- --- --- --- --- --- --- --- International 729 280 1009 (9) 722 296 1018 676 278 954 United States 1731 73 1804 27 1699 78 1777 1639 99 1738 Canada 341 2 343 (6) 347 2 349 479 3 482 --- - --- --- - --- --- - --- North America 2072 75 2147 21 2046 80 2126 2118 102 2220 ------------------------------------------------------------------------ Worldwide 2801 355 3156 12 2768 376 3144 2794 380 3174About the Baker Hughes Rig Counts
The Baker Hughes Rotary Rig Counts are counts of the number of drillingrigs actively exploring for or developing oil or natural gas in the UnitedStates, Canada and international markets. Baker Hughes has issued the rotaryrig counts as a service to the petroleum industry since 1944, when Hughes ToolCompany began weekly counts of US and Canadian drilling activity. Hughesinitiated the monthly international rig count in 1975.
North American rig count data is scheduled to be released at noon centraltime on the last working day of each week. The international rig count isscheduled to be released on the 5th working day of the month. Additionaldetailed information on the Baker Hughes rig counts is available from ourwebsite at http://www.bakerhughes.com/investor/rig.
Baker Hughes is a leading provider of drilling, formation evaluation,completion and production products and services to the worldwide oil and gasindustry.
NOT INTENDED FOR BENEFICIAL HOLDERS
Contacts:
Gary R. Flaharty (713) 439-8039
H. Gene Shiels (713) 439-8822
SOURCE: 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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