Rig Count Continues To Climb

Baker Hughes Incorporated announced that the international rig count for October 2000 was 727, up 13 from the 714 counted in September 2000 and up 162 from the 565 counted in October 1999. The international offshore rig count for October 2000 was 219, up 6 from the 213 counted in September 2000 and up 62 from the 157 counted in October 1999.

The U.S. rig count for October 2000 was 1,055 up 44 from the 1,011 counted in September 2000 and up 344 from the 741 counted in October 1999. The Canadian rig count for October 2000 was 353 up 39 from the 314 counted in September 2000, and up 64 from the 289 counted in October 1999.

The worldwide rig count for October 2000 was 2,135 up 96 from the 2,039 counted in September 2000 and up 717 from the 1,418 counted in October 1999.