Baker Hughes Announces March 2008 Rig Counts
April 07 2008 - 7:00AM
PR Newswire (US)
HOUSTON, April 7, 2008 /PRNewswire/ -- Baker Hughes Incorporated
(NYSE: BHI; EBS) announced today that the international rig count
for March 2008 was 1,054, up 22 from the 1,032 counted in February
2008, and up 60 from the 994 counted in March 2007. The
international offshore rig count for March 2008 was 285, up 10 from
the 275 counted in February 2008 and up 2 from the 283 counted in
March 2007. The US rig count for March 2008 was 1,797, up 32 from
the 1,765 counted in February 2008 and up 48 from the 1,749 counted
in March 2007. The Canadian rig count for March 2008 was 408, down
212 from the 620 counted in February 2008 and up 16 from the 392
counted in March 2007. The worldwide rig count for March 2008 was
3,259, down 158 from the 3,417 counted in February 2008 and up 124
from the 3,135 counted in March 2007. March 2008 Rotary Rig Counts
March 2008 February 2008 March 2007 Land OS Total Var. Land OS
Total Land OS Total
--------------------------------------------------------------------------
Europe 48 52 100 19 46 35 81 28 49 77 Middle East 238 31 269 (3)
243 29 272 230 30 260 Africa 52 18 70 12 42 16 58 51 14 65 Latin
America 302 78 380 7 299 74 373 291 74 365 Asia Pacific 129 106 235
(13) 127 121 248 111 116 227 --- --- ---- ---- --- --- ---- --- ---
--- International 769 285 1054 22 757 275 1032 711 283 994 United
States 1737 60 1797 32 1709 56 1765 1668 81 1749 Canada 407 1 408
(212) 619 1 620 390 2 392 ---- -- ---- ----- ---- -- ---- ---- --
---- North America 2144 61 2205 (180) 2328 57 2385 2058 83 2141
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Worldwide 2913 346 3259 (158) 3085 332 3417 2769 366 3135 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 is a leading
provider of 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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