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Gold/Mining/Energy : Baker Hughes
BHI 0.0580+1.8%Jun 7 5:00 PM EST

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From: JakeStraw6/24/2005 2:22:05 PM
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Baker Hughes-US rig count up 12, Canada up 35
yahoo.reuters.com

Fri Jun 24, 2005 01:12 PM ET

NEW YORK, June 24 (Reuters) - The number of rigs searching for oil and gas in the United States rose by 12 to 1,370 in the week ended June 24, oil services firm Baker Hughes said on Friday. During the same week last year, there were 1,176.

The number of rigs exploring for oil and gas in Canada rose 35 to 257, compared to 334 last year.

The number of rigs in the U.S. Gulf of Mexico rose one to 94, two less than last year.

There were 1,250 U.S. rigs searching on land, 97 offshore and 23 inland.

The total North American rig count rose 47 to 1,627, while last year it was 1,510.

The number of rigs searching for oil in the United States rose three to 149, while the number of rigs searching for gas rose nine to 1,219. There were two miscellaneous rigs, unchanged.

There were 331 directional rigs in the United States, 182 horizontal rigs and 857 rigs exploring vertically.

Texas was unchanged at 615 rigs, while Oklahoma lost three to 147.
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