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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: The Perfect Hedge who wrote (7422)1/9/1998 6:05:00 PM
From: pz   of 95453
 
Re: Rig Count

Keep in mind that many things can influence the WEEKLY rig count. The rig count is a count of rigs actively in service. Weather, such as the rain we've had lately in Texas can influence whether a rig is able to move to the next location. Also repairs on the rig may shut it down. I wouldn't put a whole lot of empahsis on that report. If this trend continued then I'd be concerned, at least for the land drillers.

Regards,

Paul
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