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Baker Hughes Announces August 2000 Rig Counts.

Business/Energy Editors

HOUSTON--(BUSINESS WIRE)--Sept. 5, 2000

International Rig Count Up 6% From July 2000; Up 27%

From 1 Year Ago; Worldwide Rig Count Up 5% From

July 2000; Up 48% From 1 Year Ago

Baker Hughes Incorporated (NYSE:BHI)(PCX:BHI)(EBS:BHI) announced today that the international rig count for August 2000 was 705, up 43 from the 662 counted in July 2000 and up 149 from the 556 counted in August 1999. The international offshore rig count for August 2000 was 208, up 19 from the 189 counted in July 2000 and up 44 from the 164 counted in August 1999.

The U.S. rig count for August 2000 was 987 up 45 from the 942 counted in July 2000 and up 348 from the 639 counted in August 1999. The Canadian rig count for August 2000 was 319 up 11 from the 308 counted in July 2000 and up 49 from the 270 counted in August 1999.

The worldwide rig count for August 2000 was 2,011 up 99 from the 1,912 counted in July 2000 and up 546 from the 1,465 counted in August 1999.


 August 2000 Rotary Rig Counts

 August 2000 July 2000 August 1999
 ----------------- --------------- ----------------
 Land Off- Total Vari- Land Off- Total Land Off- Total
 Shore ance Shore Shore
--------------------------------------------------------------------
Europe 37 53 90 5 36 49 85 38 36 74
Middle East 140 24 164 4 137 23 160 114 23 137
Africa 26 24 50 5 24 21 45 24 16 40
Latin America 203 46 249 16 195 38 233 147 37 184
Asia Pacific 91 61 152 13 81 58 139 69 52 121
--------------------------------------------------------------------
International 497 208 705 43 473 189 662 392 164 556
 U.S. 828 159 987 46 784 157 941 487 100 587
 Canada 315 4 319 11 303 5 308 209 6 215
North America 1,143 163 1,306 57 1,087 162 1,249 696 106 802
--------------------------------------------------------------------
Worldwide 1,640 371 2,011 100 1,560 351 1,911 1,088 270 1,358

 August 2000 Workover Rig Counts

 August 2000 July 2000 August 1999
----------------------------------------------------------------------
U.S. 1,032 18 1,014 860
Canada 327 25 302 300
----------------------------------------------------------------------
North America 1,359 43 1,316 1,160


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 U.S. and Canadian drilling activity. Hughes initiated the monthly international rig count in 1975. In 1987 the 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 are available from our Web site at http://www.bakerhughes.com/investor/rig.

Baker Hughes is a leading supplier of reservoir-centered products, services and systems to the worldwide oil and gas industry.

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Publication:Business Wire
Date:Sep 5, 2000
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