Friday, July 17, 2009

Rig Counts: Up and Down

Baker Hughes released its weekly North American rig count today, and the count for the U.S. is up by four rigs to 920. Oil rigs increased by 10 and gas rigs decreased by seven (there was a decrease of one "miscellaneous" rig to get to the plus four number.

In the Haynesville region of East Texas and North Louisiana (including other fields), the rig count decreased by two. It was down two in Louisiana and even for the week in East Texas.

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