Rig numbers still dismal

Yep, Baker Hughes‘ worldwide rig count did rise slightly in June – from 1,983 to 1,987. But not only is it a year-on-year decline, but the numbers still look very poor compared to the annual averages for the past few years:

1999: 1,457
2000: 1,913
2001: 2,242
2002: 1,829
2003: 2,174
2004: 2,395
2005: 2,746
2006: 3,116
2008: 3,336

Related links:

Baker Hughes Worldwide rig count, June 2009 (XLS file)
Rig counts: no prizes for guessing (FT Energy Source, 07/04/09)
More bad news in oil services (FT Energy Source, 20/03/09)

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