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sludgehound

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sludgehound

Re: None

Friday, 08/04/2006 1:45:52 PM

Friday, August 04, 2006 1:45:52 PM

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Baker Hugher: Weekly N.A. rig count down 70 to 2,191

By Ana Campoy
8/4/2006 01:07:08 PM
SAN FRANCISCO (MarketWatch) -- The number of rigs drilling for oil and natural gas in North America fell by 70 to 2,191, according to a weekly update by Baker Hughes Inc. on Friday. The quantity of active oil rigs rose by three to 305, while the number of gas rigs fell by 12 to 1,396. The U.S. rig count dropped by 9 to 1,705, and the number of Canadian rigs fell by 61 to 486. The quantity of offshore rigs rose three to 99.

Pennies not a zero sum game as much as some zero game.

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