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rig count levels

German translation: {Maßzahl für Bohraktivitäten}

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

English term or phrase:	rig count
German translation:	{Maßzahl für Bohraktivitäten}
Entered by:	TDK

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16:52 Apr 23, 2006

English to German translations [PRO]
Tech/Engineering - Petroleum Eng/Sci

English term or phrase: rig count levels

Robust revenue growth in the Area was driven primarily by stronger **rig count levels** in the Canada and US Land GeoMarkets, coupled with continuing price increases, accelerated adoption of new technologies and improved operating efficiency.

Es handelt sich um ein Öl- und Gasunternehmen. Weiß jemand, was das bedeutet? Und in diesem Zusammenhang, was bedeutet hier US "Land"?

Vielen Dank.

Monika Leit KudoZ activity Questions: 459 (none open) (17 without valid answers) (22 closed without grading) Answers: 1110
Local time: 15:40

rig count = Maßzahl für Bohraktivitäten

Explanation:
The "rig count" is some sort of "oil/gas drilling Dow Jones".

Companies & definitions:

Baker Hughes
A supplier of manufactures to the petroleum industry releases weekly statistics on the North American natural gas and oil rig count. The inventory includes stationary-land-based as well as offshore rigs. The rig count is used by the industry as a proxy for supply and potential productive capacity. The rig count is often taken as a proxy for the general health of the US oil industry also.

ODS
The Offshore Data Services a provider of data on the offshore oil and gas industry publish a weekly inventory of worldwide mobile natural gas and oil rigs. Along with the Baker Hughes rig count, the inventory is used as a proxy for global production and productive capacity. As such the ODS release is an indicator of petroleum and natural gas production and health of the industry worldwide.