Wednesday, December 23, 2009

Rig Counts Mixed

Baker Hughes released the weekly rig counts a bit early because of the Christmas holiday.  They showed a decrease of 15 rigs nationwide for the week.  Of that net 15, there were seven new oil rigs working but 22 fewer gas rigs.  By type, vertical rigs decreased by three, horizontal rigs by eight and directional rigs by four.

In the Haynesville region of north Louisiana and east Texas, which is inclusive of other formations, the rig count increased by two, adding three in north LA but losing one in east TX.

The spreadsheet in the upper right corner has been updated for Louisiana information.  There was a lot of activity this week but a net gain of only one rig, from 114 to 115.  Five rigs reappeared this week, four disappeared and 12 rigs moved from one well to another.

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