Friday, August 14, 2009

Rig Counts: Up by a Little

This week's Baker Hughes rig count came out today and it showed a net two rig gain in the U.S. to 968. Reversing the recent trend, the oil rig count decreased this week by five to 272 and the gas rig count increased by seven to 688. The number of working gas rigs represents a 23 rig, or 9.7%, increase from the trough earlier this summer.

In the Haynesville region of North Louisiana and East Texas, the count also increased by two, one each in TX and LA.

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