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"We''re seeing opportunity in all these markets, as opposed to aerospace, which is already well served," Thorne said. Coastcast is probably the largest U.S. producer of titanium club heads today. Last year, it delivered about 1.25 million finished heads to various club manufacturers, down somewhat from the previous year. Despite the exodus of casting overseas, Bryan Rolfe, vice president of sales and business development, said Coastcast (which also produces stainless steel heads) was "absolutely" committed to maintaining its role in North America and was working to "wring the labor out" of its cost structure.

For utilization and geographic location, in its October Offshore Rig Locator, Offshore Data Services shows 290 jackups working, out of a total worldwide fleet of 387 rigs, for 75% utilization, down 5% from last year''s 79%. The U.S. Gulf of Mexico had 108 jackups working, of a total 139 available, for 78% utilization. The second most active area was the Persian Gulf, with 32 of its 46 rigs active. Asia accounted for 66 rigs--in India, 22 units were all active; SE Asia had 18 of its 26 rigs working, and the Far East area had 16 of 18 jackups contracted. West Africa had only 12 of its 26 rigs working. Other active areas were: Mediterranean/Black Sea, 12; the Caspian, 7; Mexico, 6; Venezuela, 6; the Red Sea, 7; and Brazil, 5.