Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Think4Yourself who wrote (61423)	3/3/2000 4:54:00 PM
From: upanddown	Read Replies (1) of 95453

Didn't see anything on rig counts from BHI so here goes. I guess we only obsess about API's currently, although, IMO, rig counts are much more important. US count is the best this year and appears to bring the traditional year-end decline to a close. I wouldn't read too much into the CAN decline since it probably has to do with mild weather and impassable roads since a lot of the drilling is in remote areas. US 790 +30 CAN 485 -60 NA 1275 -30 GOM 116 -2 OIL 181 +25 GAS 609 +5 Still quiet in the water though ODS, which looks at contracted rigs and could be a precursor of the BHI count of working rigs, gives a better picture. I really like the increased activity in the North Sea which has recently been more like the Dead Sea. Maybe the oil honchos in Norway and the U.K. finally noticed $28 Brent. offshore-data.com John

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