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

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To: double-plus-good who wrote (67528)6/2/2000 3:31:00 PM
From: Think4Yourself  Read Replies (1) of 95453
 
Canada rotary rig count up 60, U.S. up two, Gulf down one
NEW YORK, June 2 (Reuters) - The number of rigs exploring for oil and natural gas in Canada rose by 60 to 270 during the week ending June 2, compared to 158 last year, according to oil services firm Baker Hughes Inc (NYSE:BHI - news).

In the United States, the number of rigs searching for oil and gas rose by two to 866 compared to 555 rigs a year ago.

In the Gulf of Mexico, meanwhile, the rig count fell by one to 130 compared with 100 a year ago.

The number of U.S. rigs exploring on land reached 711,

while the number of rigs operating offshore held at 135. The number of rigs in inland water rose to 20 from 11 a week ago.

The number of U.S. rigs searching for oil fell by five to 196 and the number of rigs searching for gas rose by six to 668. There were two miscellaneous rigs, up one from last week.

There were 212 U.S. rigs exploring directionally, up two from last week, 48 exploring horizontally, up four, and 606 exploring vertically, down four.

The states with the largest change in their rig count were Oklahoma which fell four at 93, New Mexico which fell by three to 74, and Louisiana, which rose by three to 187.

The weekly rig count reflects the number of rigs exploring for oil and gas, not those producing oil and gas.
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