Friday, July 21, 2006

Weekly rig count falls 1%

The U.S. rig count increased by 15 to 1,683, while the quantity of offshore rigs fell by 1 to 93. The weekly Canadian rig count fell by 38 to 533. The overall North American rig count increased 285 from a year ago, while the U.S. tally rose 273. The Canadian rig increased by 12 from last year.

Houston-based Baker Hughes , a provider of oil-field products and services, said the number of oil rigs rose by three to 299 from last week. A year ago, there were 181 such units.
The company also reported that the amount of gas rigs increased by 13 to 1,381. A year ago, gas rigs totaled 1,228.

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