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To: steve harris who wrote (37559)2/14/1999 9:10:00 PM
From: Mike from La.  Read Replies (1) | Respond to of 95453
 
May be a pattern, land rigs continue to drop, but offshore may be stabilizing. May be because of better economics off shore. The BHI numbers are for total of all rigs.



To: steve harris who wrote (37559)2/14/1999 9:11:00 PM
From: SargeK  Read Replies (1) | Respond to of 95453
 
Steve,

The Offshore Data Services, Inc (ODS) article indicated "mobile" rigs under contract as 127 up 5 from last weeks 122 and up 8 from 119 a month ago. Further down it shows only 44 of 81 "platform" rigs in the GOM are under contract.

I posted the article to point out there appears to be at least one area of activity (which I consider a leading indicator) that is pointing UP not down.

K


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