Baker Hughes (BHI) December Int'l Rigs Down by 5 Units; Global Off 71 Units

January 9, 2012 7:18 AM EST
Baker Hughes Inc. (NYSE: BHI) reports that the international rig count for December 2011 was 1,180, down 5 from the 1,185 counted in November 2011, and up 62 from the 1,118 counted in December 2010. The international offshore rig count for December 2011 was 299, down 3 from the 302 counted in November 2011 and down 4 from the 303 counted in December 2010.

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

The US rig count for December 2011 was 2,003, down 8 from the 2,011 counted in November 2011 and up 292 from the 1,711 counted in December 2010. The Canadian rig count for December 2011 was 429, down 58 from the 487 counted in November 2011 and up 31 from the 398 counted in December 2010.

The worldwide rig count for December 2011 was 3,612 down 71 from the 3,683 counted in November 2011 and up 385 from the 3,227 counted in December 2010.


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