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

To: papi riqui who wrote (21527)	5/6/1998 12:05:00 AM
From: pz	Respond to of 95453

NEW YORK, May 5 (Reuters) - The number of rigs exploring for oil and natural gas in the United States stood at 876 as of May 1, down four from the previous week, and five below the year-ago total of 881, Baker Hughes Inc reported. The number of rigs drilling on land remained at 723, while rigs working offshore fell by three to 133. The number of rigs active in inland waters fell by one to 20. Among the individual states, the biggest changes occurred in Texas, down by nine, and in Kansas and Oklahoma, both down by five, and in Louisiana, up by five. The Gulf of Mexico rig count fell by three to 132. The number of rigs searching for gas rose by two to 601, the number of rigs searching for oil fell by six to 272, while the number of miscellaneous drilling projects remained at three. There were 218 rigs drilling directionally, 53 drilling horizontally and 605 drilling vertically. In Canada, the number of working rigs rose by 17 from the previous week, to 114, versus 175 one year ago. The weekly rig count reflects the number of rigs exploring for oil and gas, not those producing oil and gas.