Baker Hughes October 2005 rig counts
Posted: 7 November 2005
International rig count unchanged from September 2005; up 7% from one year ago; Worldwide rig count up 2% from September 2005; up 19% from one year ago
Baker Hughes Incorporated reported that the international rig count for October 2005 was 903, down four from the 907 counted in September 2005, and up 61 from the 842 counted in October 2004. The international offshore rig count for October 2005 was 264, down five from the 269 counted in September 2005 and up 30 from the 234 counted in October 2004.
The US rig count for October 2005 was 1,479 up 27 from the 1,452 counted in September 2005 and up 239 from the 1,240 counted in October 2004. The Canadian rig count for October 2005 was 541, up 44 from the 497 counted in September 2005 and up 169 from the 372 counted in October 2004.
The worldwide rig count for October 2005 was 2,923 up 67 from the 2,856 counted in September 2005 and up 469 from the 2,454 counted in October 2004.
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.
For more information see http://www.bakerhughes.com
Posted by Richard Price, Editor, EnergyME.com
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