Friday, May 8, 2009

Weekly Rig Count: Down 17 in U.S.

The Baker Hughes rig count for the U.S. continues to fall. This week (ending May 8), the rig count was down 17 to 928 nationally. It was a mixed bag in the Haynesville Shale area, defined as North LA and East TX. This region includes other fields but has become dominated by the Haynesville Play. In North LA, the rig count was stable at 75, but in East TX, the rig count was down seven (11%) to 55 rigs.

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