Baker Hughes Announces March 2012 Rig Counts

abarrelfullabarrelfull wrote on 09 Apr 2012 14:04
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Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for March 2012 was 1,192, down 12 from the 1,204 counted in February 2012, and up 45 from the 1,147 counted in March 2011. The international offshore rig count for March 2012 was 303, down 17 from the 320 counted in February 2012 and up 8 from the 295 counted in March 2011.

The average U.S. rig count for March 2012 was 1,979, down 11 from the 1,990 counted in February 2012 and up 259 from the 1,720 counted in March 2011. The average Canadian rig count for March 2012 was 492, down 214 from the 706 counted in February 2012 and down 75 from the 567 counted in March 2011.

The worldwide rig count for March 2012 was 3,663, down 237 from the 3,900 counted in February 2012 and up 229 from the 3,434 counted in March 2011.

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