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Gold/Mining/Energy : Nevtah/Tower Oil Intl.- NTAH -- Ignore unavailable to you. Want to Upgrade?

To: Just My Opinion who wrote (1337)	6/13/1998 2:43:00 PM
From: TWICK	Respond to of 3817

Weekly Rig Count Up by Six HOUSTON (AP) -- The number of oil and gas rigs operating nationwide rose by six to 868 this week, Baker Hughes Inc. (NYSE:BHI - news) said Friday. There were 982 rigs operating in the United States during the same week last year. Of the rigs running this week, 599 were exploring for natural gas and 267 for oil. Two were 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 gained the most with four, while California, Kansas and Wyoming each rose by two. Michigan, Ohio, Oklahoma and Pennsylvania added one apiece. Louisiana declined by eight, while Colorado, North Dakota and Texas each dropped two.