Question-and-Answer Session
Operator
All right. Thank you. Ladies and gentlemen at this time we will begin our question and answer session. (Operator Instructions) Our first question is from the line of Ian Zaffino with Oppenheimer & Company. Please go ahead.
Ian Zaffino – Oppenheimer & Company
Hi, thank you. I want to get into the Gulf of Mexico a little bit more. If you, where are you as far as where you want to be with your fleet and you shifted to the large aircraft? And then I have a follow-up.
William E. Chiles
Okay, Ian, we are continuing to evaluate our, how much focus we have on the shelf production business. Obviously, that business will continue. What we are seeing is really no drilling activity on the shelf now. You have probably watched the rig count. I think the last time I looked, the jack-up count in the Gulf of Mexico was down around 15. It may have gone down more since I looked a week or so ago. And that’s just a significant change from just a few short years ago. So we have to be very careful about watching that market and make sure we respond to the slow production that will see in production activity as that production matures and goes off-line. So we are looking that all the time. As I said, we sold the 53 aircraft last fall. We are continuing to monitor that and move further into the deepwater business, whether it be exploratory work or development. We mentioned we have four S92’s operating in the Gulf of Mexico, up from zero a year ago. So those aircraft are generally flying for deepwater production and drilling operations. So we will continue to move in that direction. We see growth opportunities in the deepwater, but it will continue to be a challenging market, there is no question about it. It is mature, and of course the deepwater activity doesn’t have as much potential growth as you would see maybe on Brazil, West Africa and other places around the world.
Ian Zaffino – Oppenheimer & Company
Okay. All right. Thank you very much.
William E. Chiles
Thanks, Ian.
Operator
All right. Thank you. Our next question is from the line of Arun Jayaram with Credit Suisse. Please go ahead with your question.
Arun Jayaram – Credit Suisse
Good morning guys. Nice results.
William E. Chiles
Thanks, Arun.
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