Friday, October 30, 2009

Rig Counts: Up and Up

The Baker Hughes rig count showed a relatively big jump (+21) in U.S. rigs this week, but most of the rig increase came from oil (+18) rather than gas rigs (+3). The one trend that continues is the move to horizontal drilling (+25) at the expense of vertical rigs (-5) (there was one new directional rig this week).

In the Haynesville Region of E. TX and N. LA, inclusive of other fields, the count was up by two, +2 in E. TX and -1 in N. LA.

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