Baker Hughes announces June 2006 rig counts
  by: OilOnline
  Tuesday, July 11, 2006

Baker Hughes Incorporated announced that the international rig count for June 2006 was 906, down 14 from the 920 counted in May 2006, and down 26 from the 932 counted in June 2005. The international offshore rig count for June 2006 was 265, down 10 from the 275 counted in May 2006 and down 26 from the 291 counted in June 2005.

Excluding Iran and Sudan, the international rig count for June 2006 was 906, down 14 from the 920 counted in May 2006, and up 30 from the 876 counted in June 2005. The international offshore rig count for June 2006 was 265, down 10 from the 275 counted in May 2006 and down 18 from the 283 counted in June 2005.

The US rig count for June 2006 was 1,665 up 30 from the 1,635 counted in May 2006 and up 310 from the 1,355 counted in June 2005. The Canadian rig count for June 2006 was 408, up 168 from the 240 counted in May 2006 and up 115 from the 293 counted in June 2005.

The worldwide rig count for June 2006 was 2,979, up 184 from the 2,795 counted in May 2006 and up 399 from the 2,580 counted in June 2005. 1Excluding Iran and Sudan, the worldwide rig count for June 2006 was 2,979, up 184 from the 2,795 counted in May 2006 and up 455 from the 2,524 counted in June 2005.

The Baker Hughes Rotary Rig Counts are counts of the number of drilling rigs actively exploring for or developing oil or natural gas in the United States, Canada and international markets. Baker Hughes has issued the rotary rig counts as a service to the petroleum industry since 1944, when Hughes Tool Company began weekly counts of US and Canadian drilling activity. Hughes initiated the monthly international rig count in 1975. In 1987, Baker Oil Tools began its monthly workover rig count.