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Gold/Mining/Energy : KERM'S KORNER -- Ignore unavailable to you. Want to Upgrade?

To: Kerm Yerman who wrote (12670)	10/17/1998 10:04:00 PM
From: Kerm Yerman	Respond to of 15196

OIL & GAS STATISTICS/REPORTS - SATURDAY A.M. 10/17/98 U.S. rig count down 10 to 740 week Oct. 16 The number of rigs exploring for oil and natural gas in the United States stood at 740 as of October 16, down 10 from the previous week, and down from 987 a year ago, oil services firm Baker Hughes Inc. said Friday. The number of rigs drilling on land fell eight to 608, while rigs working offshore fell one to 112. The number of rigs active in inland waters fell one to 20. The Gulf of Mexico rig count slipped one to 108. The number of rigs searching for gas rose five to 529, the number of rigs searching for oil fell 15 to 211. There were 186 rigs exploring directionally, 34 exploring horizontally, and 520 exploring vertically. In Canada, the number of working rigs fell 44 from the previous week, to 126 compared with 437 a year ago. The states with largest number of changes in their rig counts were Oklahoma, which was down six, California, up two, and Wyoming, up two. The weekly rig count reflects the number of rigs exploring for oil and gas, not those producing oil and gas. Rotary Rig Count 10/16/1998 This Week Year Location Week +/- Ago +/- Ago Land 608 - 8 616 -245 853 Inland Waters 20 - 1 21 0 20 Offshore 112 - 1 113 - 2 114 United States Total 740 - 10 750 -247 987 Gulf Of Mexico 108 - 1 109 - 3 111 Canada 126 - 44 170 -311 437 North America 866 - 54 920 -558 1424 Breakout Information This Week +/- Week Ago +/- Year Ago Oil 211 - 15 226 -193 404 Gas 529 5 524 - 50 579 Miscellaneous 0 0 0 - 4 4 Directional 186 0 186 - 22 208 Horizontal 34 4 30 - 36 70 Vertical 520 - 14 534 -189 709 Major State Variances This Week +/- Week Ago +/- Year Ago Alaska 12 0 12 0 12 California 28 2 26 - 4 32 Louisiana 156 - 1 157 - 42 198 New Mexico 45 - 1 46 - 16 61 Oklahoma 81 - 6 87 - 8 89 Texas 255 - 1 256 -128 383 Wyoming 39 2 37 - 8 47 Gulf Count U.S. Gulf rig count rises four to 140 There were 140 rigs under contract in the U.S. Gulf as of October 16, up four from the previous week, Offshore Data Services said Friday. The utilization rate for rigs working in the Gulf, based on a total fleet of 176, was 79.5 percent. The number of working rigs in the European/Mediterranean area remained at 109 rigs under contract out of a total fleet of 113, a utilization rate of 96.5 percent. The worldwide rig count was 534 out of a total fleet of 610, with a utilization rate of 87.5 percent. CAODC weekly western Canadian rig count - Oct 13 WEEK OF OCTOBER 13 VERSUS OCTOBER 6, 1998 DRILLING MOVING DRILLING DOWN TOTAL YEAR AGO ALBERTA 0/0 121/162 337/296 458/458 354 SASK. 0/0 15/ 18 58/ 55 73/ 73 97 B.C. 0/0 16/ 14 27/ 29 43/ 43 34 N.W.T. 0/0 0/ 0 2/ 2 2/ 2 1 MAN. 0/0 0/ 0 1/ 1 1/ 1 1 TOTAL 0/0 152/194 425/383 577/577 487 MOVING = CURRENTLY UNDER CONTRACT, BUT NOT AT FULL RATE