SPEARS SEES GAIN IN U.S. ACTIVE RIGS

The 1990 U.S. count of active rigs will average 1,000, a 15% gain from last year's average, predicts Spears & Associates Inc., Tulsa. Well completions will total about 36,900. Current drilling activity is running more than 20% ahead of last year's level, but Spears believes operators are rethinking second half drilling programs in light of lower than expected U.S. oil and gas prices. Latest U.S. tally by Baker Hughes Inc. is 999 active rigs for the week beginning June 18, up 25.7% from

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