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

To: The Perfect Hedge who wrote (7418)	1/9/1998 5:48:00 PM
From: Lucretius	Read Replies (1) \| Respond to of 95453

Friday January 9, 4:54 pm Eastern Time U.S. rig count down 13 to 990 NEW YORK, Jan 9 (Reuters) - The number of rigs exploring for oil and natural gas in the United States stood at 990 as of January 9, down 13 from the previous week, and 165 above the year-ago total of 825, Baker Hughes Inc [NYSE:BHI - news] reported. The number of rigs drilling on land fell by 22 to 829, while rigs working offshore rose by 10 to at 139. The number of rigs active in inland waters fell by one to 22. Among the individual states, the biggest changes occurred in Texas, down by eight, and in New Mexico, down by seven, and Louisiana, up by four. The Gulf of Mexico rig count rose by ten to 136. The number of rigs searching for gas fell by eight to 625, the number of rigs searching for oil fell by five to 361, while the number of miscellaneous drilling projects remained at four. There were 234 rigs drilling directionally, 59 drilling horizontally and 697 drilling vertically. In Canada, the number of working rigs stood at 509 versus 410 one year ago. The weekly rig count reflects the number of rigs exploring for oil and gas, not those producing oil and gas. --------------------------------------------------------------------------------