SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 171.54+0.4%Nov 10 3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: brian h who wrote (21040)1/9/1999 4:38:00 PM
From: Jon Koplik  Read Replies (1) of 152472
 
O.T. - Hughes Tool rig count.

(For those of you who have never lived in Texas or Oklahoma, this is something that a lot of oil people follow).

(Notice how bad the oil service business is right now).

January 8, 1999

Weekly Rig Count Down By 21


Filed at 4:12 p.m. EST

By The Associated Press

HOUSTON (AP) -- The number of oil and gas rigs operating nationwide
dropped by 21 to 600 this week, Baker Hughes Inc. reported Wednesday.

Energy company officials said 990 rigs were operating in the United States
during the same week last year.

Of the rigs running this week, 466 were exploring for natural gas and 133 for
oil. One was listed as miscellaneous.

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, exceeding the previous low of
663 in 1986.

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 and Texas dropped
by six each, Oklahoma fell by three, Louisiana lost two and Alaska and
Wyoming lost one rig each.


Copyright 1999 The New York Times Company
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News