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CHAPTER FOUR
Crude Oil
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Exhibit 4-8

Average Annual Drilling Rig Counts for Texas and the U.S.
Year Texas U.S. Texas share
of U.S.
1987 296 936 31.6%
1988 281 936 30.0%
1989 266 869 30.6%
1990 349 1,010 34.6%
1991 317 860 36.9%
1992 252 721 35.0%
1993 264 754 35.0%
1994 274 775 35.4%
1995 251 723 34.7%
1996 283 779 36.3%
1997 358 943 38.0%
1998 303 827 36.6%
1999 227 625 36.3%
2000 343 918 37.4%
2001 462 1,156 40.0%
2002 338 830 40.7%
2003 449 1,032 43.5%
2004 506 1,192 42.4%
2005 614 1,381 44.5%
2006 746 1,649 45.2%
2007 748 1,649 45.4%
Average
Annual
377 979 38.5%

Source: Baker Hughes Inc and Texas Comptroller of Public Accounts.

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