[KevO]

$this->bbcode_second_pass_quote('', 'T')he number of rigs drilling for oil and natural gas in North America fell by 39, or 2.1%, to 1,828, according to a weekly update issued Friday by Baker Hughes Inc.
The total count for U.S. rigs in operation decreased by 22 from last week to 1,747. The number of U.S. offshore rigs fell by three to 73.
The weekly Canadian rig count fell by 17 to 81.

[Newsseeker]

$this->bbcode_second_pass_quote('pstarr', 't')hey are probably in Saudi Arabia

[DantesPeak]

Canadian rig count falling, eh:

$this->bbcode_second_pass_quote('', 'C')anadian Rig activity falls to lowest April level since 1999

Vancouver (Platts)--26Apr2007

Canadian rig activity has fallen to its lowest April level since 1999,
contributing to another sharp downward revision in 2007 well completion forecasts by the Petroleum Services Association of Canada.

With the decline in natural gas drilling more than offsetting a projected 15% gain in oil drilling, PSAC said April 26 it now expects 19,200 wells across Canada this year, off 18% from 2006 and a further slippage from the 15% drop originally forecast.

The most recent industry statistics show only 140 of Canada's 870
available rigs were at work, a drop of 28 percentage points from a year ago.

The utilization rate is lower than any level in 2006.