Baker Hughes announces October 2006 Rig Counts
  by: OilOnline
  Tuesday, November 07, 2006

Baker Hughes Incorporated announced that the international rig count for October 2006 was 965, up 16 from the 949 counted in September 2006, and up 62 from the 903 counted in October 2005. The international offshore rig count for October 2006 was 274, up 10 from the 264 counted in September 2006 and up 10 from the 264 counted in October 2005.

Excluding Iran and Sudan, the international rig count for October 2006 was 965, up 16 from the 949 counted in September 2006, and up 119 from the 846 counted in October 2005. The international offshore rig count for October 2006 was 274, up 10 from the 264 counted in September 2006 and up 16 from the 258 counted in October 2005.

The US rig count for October 2006 was 1,734 down 5 from the 1,739 counted in September 2006 and up 255 from the 1,479 counted in October 2005. The Canadian rig count for October 2006 was 431, down 15 from the 446 counted in September 2006 and down 110 from the 541 counted in October 2005.

The worldwide rig count for October 2006 was 3,130, down 4 from the 3,134 counted in September 2006 and up 207 from the 2,923 counted in October 2005. (1) Excluding Iran and Sudan, the worldwide rig count for October 2006 was 3,130, down 4 from the 3,134 counted in September 2006 and up 264 from the 2,866 counted in October 2005.