September 2010 Rig Counts

Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for September 2010 was 1,120, up 18 from the 1,102 counted in August 2010, and up 134 from the 986 counted in September 2009. The international offshore rig count for September 2010 was 317, up 10 from the 307 counted in August 2010 and up 43 from the 274 counted in September 2009.

The US rig count for September 2010 was 1,655 up 17 from the 1,638 counted in August 2010 and up 646 from the 1,009 counted in September 2009. The Canadian rig count for September 2010 was 347, down 40 from the 387 counted in August 2010 and up 139 from the 208 counted in September 2009.
The worldwide rig count for September 2010 was 3,122, down 5 from the 3,127 counted in August 2010 and up 919 from the 2,203 counted in September 2009.
September 2010 Rotary Rig Counts
September 2010
August 2010
September 2009
Land
OS
Total
Var.
Land
OS
Total
Land
OS
Total
Europe
46
48
94
10
44
40
84
39*
44*
83
Middle East
241
35
276
5
234
37
271
213
32
245
Africa
59
29
88
4
59
25
84
42
15
57
Latin America
305
76
381
(7)
311
77
388
281
74
355
Asia Pacific
152
129
281
6
147
128
275
137
109
246
International
803
317
1120
18
795
307
1102
712
274
986
United States
1635
20
1655
17
1618
20
1638
976
33
1009
Canada
345
2
347
(40)
386
1
387
206
2
208
North America
1980
22
2002
(23)
2004
21
2025
1182
35
1217
Worldwide
2783
339
3122
(5)
2799
328
3127
1894
309
2203
* One rig was reclassified from offshore to land.
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.

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