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

To: Razorbak who wrote (69366)	7/10/2000 10:15:45 AM
From: Jon Cave	Read Replies (1) \| Respond to of 95453

Baker Hughes Announces June 2000 Rig Counts B: Baker Hughes Announces June 2000 Rig Counts HOUSTON, Jul 10, 2000 (BUSINESS WIRE) -- International Rig Count Up 5% from May 2000; Up 9% from 1 year ago Worldwide Rig Count Up 10% from May 2000; Up 36% from 1 year ago Baker Hughes Incorporated (NYSE:BHI)(PCX:BHI)(EBS:BHI) announced today that the international rig count for June 2000 was 657, up 30 from the 627 counted in May 2000 and up 55 from the 602 counted in June 1999. The international offshore rig count for June 2000 was 192, up 26 from the 166 counted in May 2000 and down 8 from the 200 counted in June 1999. The US rig count for June 2000 was 878 up 34 from the 844 counted in May 2000 and up 320 from the 558 counted in June 1999. The Canadian rig count for June 2000 was 291 up 102 from the 189 counted in May 2000 and up 104 from the 187 counted in June 1999. The worldwide rig count for June 2000 was 1826 up 166 from the 1660 counted in May 2000 and up 479 from the 1347 counted in June 1999. June 2000 Rotary Rig Counts June 2000 May 2000 June 1999 ------------- ---------------- ---------------- Land Off- Total Vari- Land Off- Total Land Off- Total Shore ance Shore Shore -------------------------------------------------------------------- Europe 35 55 90 14 38 38 76 45 49 94 Middle East 135 24 159 3 135 21 156 117 20 137 Africa 24 22 46 - 25 21 46 24 16 40 Latin America 190 35 225 10 182 33 215 143 44 187 Asia Pacific 81 56 137 3 81 53 134 73 71 144 -------------------------------------------------------------------- International 465 192 657 30 461 166 627 402 200 602 U.S. 739 139 878 34 706 138 844 458 100 558 Canada 286 5 291 102 185 4 189 181 6 187 -------------------------------------------------------------------- North America 1,025 144 1,169 136 891 142 1,033 639 106 745 Worldwide 1,490 336 1,826 166 1,352 308 1,660 1,041 306 1,347 June 2000 Workover Rig Counts June 2000 Variance May 2000 June 1999 ---------------------------------------------------------------------- U.S. 1,048 (58) 1,106 795 Canada 306 27 279 213 ---------------------------------------------------------------------- North America 1,354 (31) 1,385 1,008 About the Baker Hughes Rig Counts The Baker Hughes Rotary Rig Counts are counts of the number of drilling rigs actively exploring for or developing oil or natural gas in the United States, Canada and international markets. 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 US and Canadian drilling activity. Hughes initiated the monthly international rig count in the 1975. In 1987 the Baker Oil Tools began its monthly workover rig count. North American rig count data is scheduled to be released at noon central time on the last working day of each week. The international rig count and North American workover rig counts are scheduled to be released on the 5th working day of the month. Additional detailed information on the Baker Hughes rig counts are available from our Web site at bakerhughes.com. Baker Hughes is a leading supplier of reservoir-centered products, services and systems to the worldwide oil and gas industry. NOT INTENDED FOR BENEFICIAL HOLDERS CONTACT: Baker Hughes Incorporated, Houston Gary R. Flaharty, 713/439-8039 gary.flaharty@bakerhughes.com URL: businesswire.com Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. Copyright (C) 2000 Business Wire. All rights reserved.