Baker Hughes Announces January 2009 Rig Counts

February 6, 2009

HOUSTON, Feb. 6 / -- Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for January 2009 was 1,044, down 34 from the 1,078 counted in December 2008, and down 9 from the 1,053 counted in January 2008. The international offshore rig count for January 2009 was 279, down 12 from the 291 counted in December 2008 and down 12 from the 291 counted in January 2008.

The US rig count for January 2009 was 1,553, down 229 from the 1,782 counted in December 2008 and down 196 from the 1,749 counted in January 2008. The Canadian rig count for January 2009 was 377, up 16 from the 361 counted in December 2008 and down 117 from the 494 counted in January 2008.

The worldwide rig count for January 2009 was 2,974, down 247 from the 3,221 counted in December 2008 and down 322 from the 3,296 counted in January 2008.

    January 2009 Rotary Rig Counts

                    January 2009            December 2008     January 2008
                  Land  OS  Total   Var.  Land  OS   Total   Land  OS  Total
    ------------------------------------------------------------------------

      Europe        39  54    93    (8)    48   53    101     48   45    93
      Middle
       East        239  35   274    (5)   246   33    279    241   34   275
      Africa        46  12    58    (9)    51   16     67     52   16    68
      Latin
       America     305  76   381    (8)   312   77    389    291   74   365
      Asia
       Pacific     136 102   238    (4)   130  112    242    130  122   252
                  ---- ---  ----         ----  ---   ----   ----  ---  ----
    International  765 279  1044   (34)   787  291   1078    762  291  1053

      United
       States     1487  66  1553  (229)  1716   66   1782   1690   59  1749
      Canada       375   2   377    16    359    2    361    492    2   494
                  ---- ---  ----         ----  ---   ----   ----  ---  ----
    North
     America      1862  68  1930  (213)  2075   68   2143   2182   61  2243
    -----------------------------------------------------------------------

    Worldwide     2627 347  2974  (247)  2862  359   3221   2944  352  3296