Baker Hughes Incorporated announced today that the international rig count for December 2008 was 1,078, down 18 from the 1,096 counted in November 2008, and up 42 from the 1,036 counted in December 2007. The international offshore rig count for December 2008 was 291, down 6 from the 297 counted in November 2008 and unchanged from the 291 counted in December 2007.
The US rig count for December 2008 was 1,782, down 153 from the 1,935 counted in November 2008 and down 29 from the 1,811 counted in December 2007. The Canadian rig count for December 2008 was 361, down 56 from the 417 counted in November 2008 and up 1 from the 360 counted in December 2007.
The worldwide rig count for December 2008 was 3,221, down 227 from the 3,448 counted in November 2008 and up 14 from the 3,207 counted in December 2007.
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
Via Yahoo
The US rig count for December 2008 was 1,782, down 153 from the 1,935 counted in November 2008 and down 29 from the 1,811 counted in December 2007. The Canadian rig count for December 2008 was 361, down 56 from the 417 counted in November 2008 and up 1 from the 360 counted in December 2007.
The worldwide rig count for December 2008 was 3,221, down 227 from the 3,448 counted in November 2008 and up 14 from the 3,207 counted in December 2007.
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
Via Yahoo
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