Baker Hughes announces January 2012 rig counts

Source: Baker Hughes Incorporated

Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for January 2012 was 1,171, down 9 from the 1,180 counted in December 2011, and up 10 from the 1,161 counted in January 2011. The international offshore rig count for January 2012 was 307, up 8 from the 299 counted in December 2011 and down 1 from the 308 counted in January 2011.

The last report of rig activity in Libya was for February 2011.

The US rig count for January 2012 was 2,003, unchanged from the 2,003 counted in December 2011 and up 292 from the 1,711 counted in January 2011. The Canadian rig count for January 2012 was 577, up 148 from the 429 counted in December 2011 and up 13 from the 564 counted in January 2011.

The worldwide rig count for January 2012 was 3,751 up 139 from the 3,612 counted in December 2011 and up 315 from the 3,436 counted in January 2011.

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.


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