November Rig Count Down 26

Baker Hughes Incorporated announced today that the international rig count for November 2006 was 939, down 26 from the 965 counted in October 2006, and up 4 from the 935 counted in November 2005. The international offshore rig count for November 2006 was 260, down 14 from the 274 counted in October 2006 and down 7 from the 267 counted in November 2005.

(A) Excluding Iran and Sudan, the international rig count for November 2006 was 939, down 26 from the 965 counted in October 2006, and up 61 from the 878 counted in November 2005. The international offshore rig count for November 2006 was 260, down 14 from the 274 counted in October 2006 and down 1 from the 261 counted in November 2005.

The US rig count for November 2006 was 1,706 down 28 from the 1,734 counted in October 2006 and up 220 from the 1,486 counted in November 2005. The Canadian rig count for November 2006 was 432, up 1 from the 431 counted in October 2006 and down 168 from the 600 counted in November 2005.

The worldwide rig count for November 2006 was 3,077, down 53 from the 3,130 counted in October 2006 and up 56 from the 3,021 counted in November 2005. (A) Excluding Iran and Sudan, the worldwide rig count for November 2006 was 3,077, down 53 from the 3,130 counted in October 2006 and up 113 from the 2,964 counted in November 2005.



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