Baker Hughes January 2004 rig counts
Posted: 05 February 2004
International rig count down one rig from December 2003;
up 9 per cent from one year ago. Worldwide rig count up 5 per cent
from December 2003; up 19 per cent from one year ago
Baker Hughes Incorporated announced the international rig count
for January 2004 was 802, down one from the 803 counted in December
2003, and up 68 from the 734 counted in January 2003.
The international offshore rig count for January 2004 was 227,
down 20 from the 247 counted in December 2003, and up 14 from the
213 counted in January 2003.
The US rig count for January 2004 was 1,101, down 13 from the 1,114
counted in December 2003 and up 247 from the 854 counted in January
2003. The Canadian rig count for January 2004 was 554, up 137 from
the 417 counted in December 2003 and up 76 from the 478 counted
in January 2003.
The worldwide rig count for January 2004 was 2,457 up 123 from
the 2,334 counted in December 2003 and up 391 from the 2,066 counted
in January 2003.
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. In 1987, Baker Oil Tools
began its monthly workover rig count.
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 and North American workover rig counts are scheduled to
be released on the 5th working day of the month.
Baker Hughes is a leading provider of drilling, formation evaluation,
completion and production products and services to the worldwide
oil and gas industry.
For more information see http://www.bakerhughes.com
Posted by Richard Price,
Editor Pipeline Magazine
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