What will be the active rotary rig count in the US on 10-July-2009
The count declined by 12 rigs to close out the week at 916
Background:
How many active rotary rigs will be reported by Baker Hughes this week?
Every week, Baker Hughes publishes the active rotary rig count for the United States on this page:
http://investor.shareholder.com/bhi/rig_counts/rc_index.cfm
A lot of information is available on that site. Some key points:
"A rotary rig rotates the drill pipe from surface to drill a new well (or sidetracking an existing one) to explore for, develop and produce oil or natural gas."
"Rig count trends are governed by oil company exploration and development spending, which in turn is influenced by the current and expected price of oil and natural gas. Rig counts therefore reflect the strength and stability of energy prices."
Been dropping for months now, here are the last few results:
08-May: 928 - Down 17
15-May: 918 - Down 10
22-May: 900 - Down 18
29-May: 899 - Down 1
05-Jun: 887 - Down 12
12-Jun: 876 - Down 11
19-Jun: 899 - UP 23
26-Jun: 917 - UP 18
03-Jul: 928 - UP 11
Settlement details:As reported here:
http://investor.shareholder.com/bhi/rig_counts/rc_index.cfm
| less than 928 |
| |||
| 928 to 940 |
| |||
| more than 940 |
|
- Activity: H$1,017 |
- Predictions: 6 |
Comments: 0
Suspend date: Thu 9th Jul 12:59pm PST
Settlement date: Tue 14th Jul 5:18am PST
Prediction cut-off: Predictions on this question after Thu 9th Jul 12:59pm PST have been voided because they were made after the question could be settled
Initial likelihoods: less than 928: 20%, 928 to 940: 40%, more than 940: 40%
Action history:
gtown![[Power User]](http://www.hubdub.com/images/icon_superuser.gif "This user is a super user"){kind=icon}
: less than 928
916, down 12
http://investor.shareholder.com/bhi/rig_counts/rc_index.cfm
bayoubear![[Admin]](http://www.hubdub.com/images/icon_admin.gif "This user is an admin"){kind=icon}
: The count declined by 12 rigs to close out the week at 916 
Suspend date: Thu 9th Jul 12:59pm PST
Settlement date: Tue 14th Jul 5:18am PST
Prediction cut-off: Predictions on this question after Thu 9th Jul 12:59pm PST have been voided because they were made after the question could be settled details 
Get widget!Predictions (6)
ssc69
predicted 928 to 940 (H$100 at 40%)
jonica
predicted 928 to 940 (H$20 at 40%)Comments (0)
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