Baker Hughes Announces March 2009 Rig Counts

April 7, 2009

Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for March 2009 was 1,012, down 8 from the 1,020 counted in February 2009, and down 42 from the 1,054 counted in March 2008. The international offshore rig count for March 2009 was 281, down 5 from the 286 counted in February 2009 and down 4 from the 285 counted in March 2008.

The US rig count for March 2009 was 1,105, down 215 from the 1,320 counted in February 2009 and down 692 from the 1,797 counted in March 2008. The Canadian rig count for March 2009 was 196, down 217 from the 413 counted in February 2009 and down 212 from the 408 counted in March 2008.

The worldwide rig count for March 2009 was 2,313, down 440 from the 2,753 counted in February 2009 and down 946 from the 3,259 counted in March 2008.

March 2009 Rotary Rig Counts

                       March 2009             February 2009      March 2008
                    Land  OS  Total   Var.   Land  OS  Total   Land  OS  Total

      Europe         36   59    95     14     30    51   81     48   52   100
      Middle East   232   30   262     (2)   233    31  264    238   31   269
      Africa         48   13    61      2     44    15   59     52   18    70
      Latin America 284   74   358    (16)   294    80  374    302   78   380
      Asia Pacific  131  105   236     (6)   133   109  242    129  106   235
                    ---  ---   ---           ---   ---  ---    ---  ---   ---
    International   731  281  1012     (8)   734   286 1020    769  285  1054

      United
       States      1060   45  1105   (215)  1264    56 1320   1737   60  1797
      Canada        195    1   196   (217)   412     1  413    407    1   408
                    ---    -   ---           ---     -  ---    ---    -   ---
    North America  1255   46  1301   (432)  1676    57 1733   2144   61  2205

    Worldwide      1986  327  2313   (440)  2410   343 2753   2913  346  3259

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 US and Canadian drilling activity. Hughes initiated the monthly international rig count in 1975.

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 is scheduled to be released on the 5th working day of the month. Additional detailed information on the Baker Hughes rig counts is available from our website at http://www.bakerhughes.com/investor/rig.

Baker Hughes provides reservoir consulting, drilling, formation evaluation, completion and production products and services to the worldwide oil and gas industry.

Source: Baker Hughes Inc.