Friday, January 15, 2010

Rig Count Up

The Baker Hughes weekly rig count showed another increase in working rigs in the U.S., up 28 from last week to 1,248.  This is the highest rig count since mid-February 2009 when rig counts were plummeting.  Gas rigs showed a strong performance, up 30, while oil rigs were down two.  Horizontal wells were up 28, directional wells up five and vertical wells down five.  Seems to be a clear trend this week.

In the Haynesville Shale region, which includes other formations, the rig count was up six to 192, with both north Louisiana and east Texas adding three rigs.

I have posted the list of rigs (as I interpret it) for Louisiana.  One of these days I'll do it for Texas, but it takes me too long to wrap my mind around it.  I counted 118 Haynesville rigs, one more than last week.  A couple of the new rigs were focused on the Cotton Valley.

Here is the summary of the 118 Louisiana rigs by operator:

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