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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: upanddown who wrote (56621)12/10/1999 9:35:00 AM
From: Big Dog  Read Replies (1) | Respond to of 95453
 
John T,

There is considerable interpretation that can occur when disussing the utilization rate. Every reporting 'body' has its own definition. The industry standard for more than 20 years has been Offshore Data Services for offshore rigs. Baker Hughes is the standard for land rigs.

...and regarding those cold stacked rigs, don't think for one minute that any structure that even resembles a rig will be ready and eager for work at the right price - as reported over the months in the highly regarded newsletter Offshore Drilling Bits.

Repeating...don't let the noise fool you - it is, and always will be - The Oil Price Stupid!

big
atoffshore.com