Baker Hughes Announces October 2001 Rig Counts.Business/Energy Editors HOUSTON--(BUSINESS WIRE)--Nov. 9, 2001 International Rig Count down 2% from September 2001; Up 3% from 1 Year Ago; Worldwide Rig Count Down 5% from September 2001; Up 1% 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 October 2001 was 750, down 16 from the 766 counted in September 2001 and up 23 from the 727 counted in October 2000. The international offshore rig count for October 2001 was 230 up 4 from the 226 counted in September 2001 and up 11 from the 219 counted in October 2000. The U.S. rig count for October 2001 was 1,111 down 82 from the 1,193 counted in September 2001 and up 56 from the 1,055 counted in October 2000. The Canadian rig count for October 2001 was 304 down 13 from the 317 counted in September 2001 and down 49 from the 353 counted in October 2000. The worldwide rig count for October 2001 was 2,165 down 111 from the 2,276 counted in September 2001 and up 30 from the 2,135 counted in October 2000.
October 2001 Rotary Rig Counts
October 2001 September 2001 October 2000
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Land OS Total Var Land OS Total Land OS Total
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Europe 41 60 101 1 40 60 100 39 57 96
Middle East 137 41 178 (9) 149 38 187 143 19 162
Africa 28 24 52 0 28 24 52 25 25 50
Latin America 210 42 252 (14) 225 41 266 210 55 265
Asia Pacific 104 63 167 6 98 63 161 91 63 154
International 520 230 750 (16) 540 226 766 508 219 727
U.S. 979 132 1,111 (82) 1,050 143 1,193 907 148 1,055
Canada 297 7 304 (13) 311 6 317 348 5 353
N. America 1,276 139 1,415 (95) 1,361 149 1,510 1,255 153 1,408
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Worldwide 1,796 369 2,165 (111) 1,901 375 2,276 1,763 372 2,135
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October 2001 Workover Rig Counts
October 2001 Var. September 2001 October 2000
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U.S. 1,190 (56) 1,246 1,087
Canada 322 (23) 345 354
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North America 1,512 (79) 1,591 1,441
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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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