Baker Hughes Announces February 2012 Rig Counts

abarrelfullabarrelfull wrote on 09 Mar 2012 13:37
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Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for February 2012 was 1,204, up 33 from the 1,171 counted in January 2012, and up 15 from the 1,189 counted in February 2011. The international offshore rig count for February 2012 was 320, up 13 from the 307 counted in January 2012 and up 11 from the 309 counted in February 2011.

The average U.S. rig count for February 2012 was 1,990, down 13 from the 2,003 counted in January 2012 and up 272 from the 1,718 counted in February 2011. The average Canadian rig count for February 2012 was 706, up 129 from the 577 counted in January 2012 and up 77 from the 629 counted in February 2011.

The worldwide rig count for February 2012 was 3,900, up 149 from the 3,751 counted in January 2012 and up 364 from the 3,536 counted in February 2011.

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