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: marc chatman who wrote (18237)	4/6/1998 11:10:00 PM
From: Teddy	Read Replies (1) of 95453

well, i guess i figured out Mavis' mistake: Yes, less rigs drilling from BakerHuges bakerhughes.com but less rigs in fleet from Offshore Data offshore-data.com Net result: higher ultilization rate both in GOM and Worldwide. Just found this: What is an `active rig'? To be counted as active a rig must be on the rig site and be drilling or `turning to the right'. A rig is considered actively drilling from the moment that the well is started or `spudded' until drilling reaches the target depth or `TD.' Rigs that are in transit from one location to another, rigging up or are being used in non-drilling activities such as workovers, completions or production testing are NOT counted as active. Why does the Baker Hughes rig count differ from other companies rig counts? Other companies define activity differently than Baker Hughes. Their counts may include rigs that are on-site or contracted but not actively drilling. Other counts differ in that they are a census of rigs that are available for work rather than the actual number working. Comments from Mavis or anyone?

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