Baker Hughes Announces June 2001 Rig Counts.Business/Energy Editors HOUSTON--(BUSINESS WIRE)--July 9, 2001 International Rig Count up 1% from May 2001; Up 16% from 1 year ago Worldwide Rig Count up 5% from May 2001; Up 28% from 1 year ago Baker Hughes Baker Hughes NYSE: BHI is the world's third-largest oilfield services company behind Schlumberger & Halliburton, its main competitors. Baker Hughes provides the world's oil & gas industry with products and services for drilling, formation evaluation, completion and production. Incorporated (NYSE NYSE See: New York Stock Exchange :BHI BHI Baker Hughes Incorporated BHI Brain Heart Infusion (agar) BHI Better Hearing Institute BHI British Horological Institute (UK) BHI Boots Healthcare International BHI Branch If Higher )(PCX (1) A bitmapped graphics file format that handles monochrome, 2-bit, 4-bit, 8-bit and 24-bit color and uses RLE to achieve compression ratios of approximately 1.1:1 to 1.5:1. Images with large blocks of solid colors compress best under the RLE method. See PC Paintbrush. :BHI)(EBS See Swiss Electronic Bourse. EBS See electronic blue sheet (EBS). :BHI) announced today that the international rig count for June 2001 was 760, up 8 from the 752 counted in May 2001 and up 103 from the 657 counted in June 2000. The international offshore rig count for June 2001 was 232 up 2 from the 230 counted in May 2001 and up 40 from the 192 counted in June 2000. The US rig count for June 2001 was 1,271 up 37 from the 1,234 counted in May 2001 and up 393 from the 878 counted in June 2000. The Canadian rig count for June 2001 was 302 up 64 from the 238 counted in May 2001 and up 11 from the 291 counted in June 2000. The worldwide rig count for June 2001 was 2,333 up 109 from the 2,224 counted in May 2001 and up 507 from the 1,826 counted in June 2000.
June 2001 Rotary Rig Counts
June 2001 May 2001 June 2000
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Land OS Total Var Land OS Total Land OS Total
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Europe 34 65 99 1 37 61 98 35 55 90
Middle East 149 30 179 5 145 29 174 135 24 159
Africa 33 24 57 2 31 24 55 24 22 46
Latin America 216 49 265 (3) 219 49 268 190 35 225
Asia Pacific 96 64 160 3 90 67 157 81 56 137
International 528 232 760 8 522 230 752 465 192 657
US 1,108 163 1,271 37 1,064 170 1,234 739 139 878
Canada 300 2 302 64 235 3 238 286 5 291
N. America 1,408 165 1,573 101 1,299 173 1,472 1,025 144 1,169
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Worldwide 1,936 397 2,333 109 1,821 403 2,224 1,490 336 1,826
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June 2001 Workover Rig Counts
June 2001 Var. May 2001 June 2000
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US 1,197 -70 1,267 1,048
Canada 311 21 290 306
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North America 1,508 -49 1,557 1,354
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About the Baker Hughes Rig Counts The Baker Hughes Rotary Rotary can refer to:
North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. 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 Web site at http://www.bakerhughes.com/investor/rig. Baker Hughes is a leading provider of drilling, formation evaluation In petroleum exploration and development, formation evaluation is used to determine whether a potential oil or gas field is commercially viable. Essentially, it is the process of "recognizing a commercial well when you drill one". , completion and production products and services to the worldwide oil and gas industry. NOT INTENDED FOR BENEFICIAL HOLDERS |
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