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Politics : Politics for Pros- moderated

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To: LindyBill who wrote (483576)

4/19/2012 2:22:09 PM

From: Brumar89

2 Recommendations Read Replies (1) of 793955

Missing a digit, it's 624. Point is right on though. Fortunately, there are a lot of rigs drilling for oil.

Rig Count Recent Counts

Area Last Count Count Change from Prior Count Date of Prior Count Change from Last Year Date of Last Year's Count

U.S.	13 Apr 12	1950	-29	5 Apr 12	+178	16 Apr 11
Canada	13 Apr 12	164	-23	5 Apr 12	-3	16 Apr 11
International	March 2012	1192	-12	February 2012	+45	March 2011

Overview

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 U.S. and Canadian drilling activity. Hughes initiated the monthly international rig count in 1975. The North American rig count is released weekly at noon central time on the last day of the work week. The international rig count is released on the fifth working day of each month.

The Baker Hughes Rig Counts are an important business barometer for the drilling industry and its suppliers. When drilling rigs are active they consume products and services produced by the oil service industry. The active rig count acts as a leading indicator of demand for products used in drilling, completing, producing and processing hydrocarbons.

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gis.bakerhughesdirect.com

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