U.S., International Rig Counts are on the Rise

Baker Hughes Incorporated announced today that the international rig count for May 2001 was 752, up 10 from the 742 counted in April 2001 and up 125 from the 627 counted in May 2000.

The international offshore rig count for May 2001 was 230, up 11 from the 219 counted in April 2001 and up 64 from the 166 counted in May 2000.

The U.S. rig count for May 2001 was 1,234 up 28 from the 1,206 counted in April 2001 and up 389 from the 845 counted in May 2000. The Canadian rig count for May 2001 was 238 up 21 from the 217 counted in April 2001 and up 49 from the 189 counted in May 2000.

The worldwide rig count for May 2001 was 2,224 up 59 from the 2,165 counted in April 2001 and up 563 from the 1,661 counted in May 2000.