Baker Hughes June 2004 rig counts
Posted: 8 July 2004
International Rig Count Unchanged From May 2004; Up 9% From One Year Ago Worldwide Rig Count Up 4% From May 2004; Up 6% From One Year Ago
Baker Hughes Incorporated announced the international rig count for June 2004 was 841, up two from the 839 counted in May 2004, and up 72 from the 769 counted in June 2003. The international offshore rig count for June 2004 was 243, down six from the 249 counted in May 2004, and up nine from the 234 counted in June 2003.
The US rig count for June 2004 was 1,176, up 12 from the 1,164 counted in May 2004 and up 109 from the 1,067 counted in June 2003. The Canadian rig count for June 2004 was 265, up 78 from the 187 counted in May 2004 and down 43 from the 308 counted in June 2003.
The worldwide rig count for June 2004 was 2,282 up 92 from the 2,190 counted in May 2004 and up 138 from the 2,144 counted in June 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 our website at 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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