Baker Hughes Announces November 2011 Rig Counts

Spencer Ogden our consultant managing the role
Date posted08/Dec/2011
Spencer Ogden our consultant managing the role

Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for November 2011 was 1,185, down 12 from the 1,197 counted in October 2011, and up 55 from the 1,130 counted in November 2010. The international offshore rig count for November 2011 was 302, down 10 from the 312 counted in October 2011 and down 18 from the 320 counted in November 2010.

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

The US rig count for November 2011 was 2,011, down 6 from the 2,017 counted in October 2011 and up 328 from the 1,683 counted in November 2010. The Canadian rig count for November 2011 was 487, down 21 from the 508 counted in October 2011 and up 67 from the 420 counted in November 2010.

The worldwide rig count for November 2011 was 3,683 down 39 from the 3,722 counted in October 2011 and up 450 from the 3,233 counted in November 2010.

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. Baker 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.

Baker Hughes provides reservoir consulting, drilling, pressure pumping, formation evaluation, completion and production products and services to the worldwide oil and gas industry.

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