IADC Rotary Rig Report (Active Oil Rigs Around the World)

International Association of Drilling Contractors ^ | 20 March 2008

[anymouse]

As reported to IADC by Baker Hughes

Rotary Rigs Actually Making Hole

For the week ending 20 March 2008

Country	This Week	Last Week	Last Month	Last Year
United States	1784	1792	1771	1745

Canada

328

510

647

246

The complete North American Rig Count is available at the Baker Hughes web site.

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International Rotary Rigs Running

Monthly Average for February 2008

Region	Current Month	Change From Previous Month
Europe	81	-12
Middle East	272	-3
Africa	58	-10
Latin America	373	8
Asia Pacific	248	-4

The complete International Rig Count is available at the Baker Hughes web site.

[anymouse]

Rather interesting that there actually are a lot more drilling for oil going on in the U.S. now than in foreign countries. Could it mean that higher prices have made more domestic oil more worth the exploration cost to go after it?

[Thermalseeker]

Could it mean that higher prices have made more domestic oil more worth the exploration cost to go after it?

I was in SW Colorado a month or so ago. It was very apparent that the oil biz was BOOMING....along with everything that supports the oil biz.....

[anymouse]

Thanks for keeping this thread alive. I wish more would notice.

[The Cajun]

Thanks for keeping this thread alive. I wish more would notice.

You would think FR would have more old ex-oilfield hands interested in this. Most still in the oil patch are probably too busy working day and night.