Baker
Hughes announces May 2004 rig counts
Posted: 06 June 2004
International rig count up 1 per cent from April 2004;
up 11% from one year ago. Worldwide rig count up 3 per cent from
April 2004; up
13 per cent from one year ago
Baker Hughes Incorporated announced today
that the international rig count for May 2004 was 839, up seven
from the 832 counted in April 2004, and up 84 from the 755 counted
in May 2003.
The international offshore rig count for May 2004
was 249, down 11 from the 260 counted in April 2004, and up
14 from the 235 counted in May 2003.
The US rig count for May 2004 was 1,164, up 13 from the 1,151
counted in April 2004 and up 129 from the 1,035 counted in May
2003.
The Canadian rig count for May 2004 was 187, up 34 from the
153 counted in April 2004 and up 37 from the 150 counted in May
2003.
The worldwide rig count for May 2004 was 2,190 up 54 from the
2,136 counted in April 2004 and up 250 from the 1,940 counted in
May 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.
Additional detailed information on the Baker Hughes rig counts
are available from http://www.bakerhughes.com/investor/rig
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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