Forecasted Price of West Texas Intermediate

Oklahoma Average Monthly Rotary Rig Count, 1982 to Present

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Avg.	% Chg.
1982	873	850	855	828	753	675	615	531	441	363	346	348	623	-10.8%
1983	362	292	289	247	266	252	268	270	254	255	295	373	285	-54.2%
1984	386	366	333	284	318	313	310	289	285	297	321	329	319	11.9%
1985	298	270	245	269	253	242	240	237	243	219	252	250	252	-21.2%
1986	255	203	168	147	122	103	106	114	110	105	130	143	142	-43.5%
1987	137	121	123	142	126	110	130	148	158	145	149	152	137	-3.8%
1988	126	132	142	137	124	116	122	122	124	109	122	132	126	-8.1%
1989	132	117	111	124	117	91	106	114	136	136	131	147	122	-3.1%
1990	135	120	103	121	114	123	132	124	123	132	134	137	125	2.5%
1991	124	120	121	115	102	100	103	97	93	106	97	87	105	-15.6%
1992	88	93	83	86	88	76	89	87	88	117	125	146	97	-7.8%
1993	133	113	91	98	94	101	101	97	100	110	111	114	105	8.3%
1994	114	109	107	104	95	104	105	98	106	109	113	112	106	1.0%
1995	103	94	93	95	86	87	100	100	93	93	103	110	96	-9.3%
1996	97	95	101	111	113	106	108	100	107	112	110	109	106	9.7%
1997	102	110	111	105	110	113	107	109	99	89	90	99	104	-2.0%
1998	87	98	92	87	85	91	78	90	89	81	69	72	85	-18.1%
1999	64	62	60	60	56	53	50	55	58	66	73	83	62	-27.0%
2000	78	71	79	83	95								81*	30.6%

*Year-to-date

Source: Baker Hughes Incorporated