CMAI Announces New Service for the Global Resin Market

The World Plastics + Polymers Review provides
a detailed view of regional markets for the major volume commodity plastic
resins.cmaiglobal.

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The international offshore rig count for March 2005
was 254, up 1 from the 253 counted in February 2005 and up 18 from the 236
counted in March 2004.

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This service is unique to the plastics market because it
develops a five-year projection for the global plastics market and provides
end-use application data.
North American rig count data is scheduled to be released at noon central
time on the last working day of each week.

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The US rig count for March 2005 was 1,306, up 30 from the 1,276 counted in
February 2005 and up 170 from the 1,136 counted in March 2004.

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Baker Hughes Announces March 2005 Rig Counts

Baker Hughes is a leading provider of drilling, formation evaluation,
completion and production products and services to the worldwide oil and gas
industry.

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In particular, the study contains segmented end-use application
demand data on a regional and world basis. 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.com/investor/rig .

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Howard Rappaport, Global Practice Leader for Plastics at CMAI notes, "The
World Plastics + Polymers Review was built on the foundation of our existing
plastics services.

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S. Additional detailed information on the Baker Hughes
rig counts is available from our website at
http://www.

Sites should not be submitted or listed here .

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International Rig Count Up 2% From February 2005; Up 12% From One Year Ago

Worldwide Rig Count Down 5% From February 2005; Up 9% From One Year Ago

HOUSTON, Baker Hughes Incorporated
(NYSE: BHI) announced today that the international rig count for March 2005
was 891, up 15 from the 876 counted in February 2005, and up 92 from the 799
counted in March 2004.

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HOUSTON, Chemical Market Associates, Inc."

For additional information on this service, visit CMAI's website at
http://www.
Tel: 281 531-4660 Fax: 281 531-9966

The Canadian
rig count for March 2005 was 420, down 173 from the 593 counted in February
2005 and down 42 from the 462 counted in March 2004.

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This service differs from existing services currently
offered to the global plastics community in that it provides a global review
for Polyethylene (LDPE, LLDPE and HDPE), Polypropylene, PVC, Polystyrene, EPS,
and PET resins from 1999-2009. In 1987, Baker Oil
Tools began its monthly workover rig count.

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The worldwide rig count for March 2005 was 2,617, down 128 from the 2,745
counted in February 2005 and up 220 from the 2,397 counted in March 2004.

NOT INTENDED FOR BENEFICIAL HOLDERS

Contacts:
Gary R.

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Gene Shiels (713) 439-8822

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Land OS Total Land OS Total
-- ------------------------------------------------------------------------
Europe 25 46 71 17 24 30 54 31 48 79
Middle East 213 33 246 14 204 28 232 186 32 218
Africa 37 14 51 -2 36 17 53 30 11 41
Latin America 256 58 314 -3 249 68 317 210 68 278
Asia Pacific 106 103 209 -11 110 110 220 106 77 183
International 637 254 891 15 623 253 876 563 236 799
United
States 1 ,210 96 1,306 30 1,172 104 1,276 1,042 94 1,136
Canada 418 2 420 -173 590 3 593 458 4 462
North America 1,628 98 1,726 -143 1,762 107 1,869 1,500 98 1,598
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Worldwide 2,265 352 2,617 -128 2,385 360 2,745 2,063 334 2,397
==========================================================================


March 2005 Workover Rig Counts

March 2005 Var.

This category is only provided to improve navigation to regional categories.

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This addition to our plastics related consulting
services positions CMAI to provide clients with the most comprehensive
plastics overview currently available on the market.

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A.

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Hughes
initiated the monthly international rig count in 1975. The international rig count and
North American workover rig counts are scheduled to be released on the 5th
working day of the month.

Environmental organization sites with only a regional or local focus should be submitted directly to an appropriate category of /Regional.

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The World Plastics + Polymers Review includes key information on market
dynamics including world trade; supply /demand data; end-use markets; price
forecasts; economic conditions; and regional breakouts for Southeast and
Northeast Asia, Central and West Europe, South America, North America, India
Subcontinent , Middle East, and Africa.

March 2005 Rotary Rig Counts

March 2005 February 2005 March 2004
--------------- ----- ---------- ---------------
Land OS Total Var.

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com
or contact:

Erika Soechting
CMAI
11757 Katy Freeway, Suite 750
Houston, TX 77079 U.

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(CMAI)
announces its newest service for the global resin market , the World Plastics +
Polymers Review. February 2005 March 2004
----------------------- ---------------------------------------------------
United States 1,259 -2 1,261 1,238
Canada 718 -102 820 449
--------------------------------------------------------------------------
North America 1,977 -104 2,081 1,687
==========================================================================

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.bakerhughes. Flaharty (713) 439-8039
H.

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