Baker Hughes Announces January 2007 Rig Counts
HOUSTON, Feb. 7 /PRNewswire-FirstCall/ -- Baker Hughes Incorporated
(NYSE: BHI; EBS) announced today that the international rig count for January
2007 was 972, up 21 from the 951 counted in December 2006, and up 67 from the
905 counted in January 2006. The international offshore rig count for January
2007 was 276, up 5 from the 271 counted in December 2006 and up 13 from the
263 counted in January 2006.
The US rig count for January 2007 was 1,714, down 4 from the 1,718 counted
in December 2006 and up 241 from the 1,473 counted in January 2006. The
Canadian rig count for January 2007 was 568, up 112 from the 456 counted in
December 2006 and down 92 from the 660 counted in January 2006.
The worldwide rig count for January 2007 was 3,254, up 129 from the 3,125
counted in December 2006 and up 216 from the 3,038 counted in January 2006.
January 2007 Rotary Rig Counts
January 2007 December 2006 January 2006
Land OS Total Var. Land OS Total Land OS Total
--------------------------------------------------------------------------
Europe 26 48 74 9 26 39 65 27 54 81
Middle
East(1) 235 28 263 8 226 29 255 182 28 210
Africa 52 17 69 2 47 20 67 38 9 47
Latin America 265 70 335 6 260 69 329 262 61 323
Asia Pacific 118 113 231 (4) 121 114 235 133 111 244
---- --- ---- --- ---- --- ---- ---- --- ----
International 696 276 972 21 680 271 951 642 263 905
United
States 1630 84 1714 (4) 1634 84 1718 1396 77 1473
Canada 564 4 568 112 452 4 456 656 4 660
---- --- ---- --- ---- --- ---- ---- --- ----
North
America 2194 88 2282 108 2086 88 2174 2052 81 2133
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Worldwide 2890 364 3254 129 2766 359 3125 2694 344 3038
(1) Beginning with the January 2006 report, the company has discontinued
its rig count for Iran and Sudan. In the third quarter of 2005, our
independent foreign subsidiaries initiated a process to prohibit any business
activity that directly or indirectly involves or facilitates transactions in
Iran, Sudan or with their governments, including government-controlled
companies operating outside of these countries.
January 2007 Workover Rig Counts
January 2007 Var. December 2006 January 2006
United States 1479 -5 1484 1506
Canada 799 376 423 812
---- --- ---- ----
North America 2278 371 1907 2318
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. In 1987, Baker Oil
Tools began its monthly workover rig count.
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 and
North American workover rig counts are 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.
