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Gold/Mining/Energy : Trico Marine Services (TMAR)
TMAR 22.410.0%Nov 10 9:47 AM EST

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To: Robert T. Quasius who wrote (543)7/13/1998 11:00:00 AM
From: D.J.Smyth  Read Replies (1) of 1153
 
20:33 DJS Baker Hughes Says Oil And Gas Rig Count Rose By Seven In Latest W
20:33 DJS Baker Hughes Says Oil And Gas Rig Count Rose By Seven In Latest Week

HOUSTON -(Dow Jones)- The number of oil and gas rigs operating
nationwide increased by seven to 819 this week, Baker Hughes Inc. said Friday.

There were 964 rigs operating in the U.S. during the same week last
year.
Of the rigs running this week, 551 were exploring for natural gas and
266 for oil. Two were listed as miscellaneous, the Associated Press reported.

Houston-based Baker Hughes has kept track of the count since 1940. The
tally peaked at 4,500 in December of 1981 during the oil boom. It dropped to a
record low of 596 in the summer of 1993. The rig count represents the number
of rigs actively exploring for oil and natural gas.
Of the major oil- and gas-producing states, New Mexico led gainers with
four more rigs. North Dakota and Texas each gained three. Kansas crept up by
one. Oklahoma led losers with four fewer rigs. Colorado fell by two.
California and Michigan each lost one. Louisiana, Ohio, Pennsylvania and
Wyoming were unchanged.
Copyright (c) 1998 Dow Jones & Company, Inc.
All Rights Reserved.
(:BHI)
07/10 8:33p CDT
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