Friday, February 26, 2010

Rig Count Up

The weekly Baker Hughes rig count showed a 28 rig increase nationally, bringing the count to 1,373, which is 57% higher than the rig count trough in June 2009.  The gas rig count increased by 12 to 905, and oil rig count increased by 16 to 456.  The current gas rig count is 36% higher than the recent trough in July 2009.  By rig type, the biggest jump was in horizontal rigs (+21), followed by vertical rigs (+7).

In the Haynesville Shale region, inclusive of other formations, the count increased by six, all in east Texas, to 213.

In the detailed count for Louisiana, I noted one fewer rig and a handful of moves.  The Louisiana Haynesville count stands at 124, which represents 91% of the total north Louisiana rig count, as summarized below:

Texas showed a net gain of two new rigs.  Counting the five Wildcat wells I think are Haynesville (but I could be wrong), there are 39 Haynesville rigs working on the Texas side, 51% of the total east Texas rig count, bringing the total to 163.

7 comments:

Anonymous said...

Robert, your Rig Count on 2/26 by location wasn't sorted as in the past. It seemed to jump around instead of orderly 16N, 15N, 14N, etc. bu parish.

Robert Hutchinson said...

Yeah, I tried sorting by parish then field then T/R. Maybe not such an improvement. I might switch it back tonight.

Robert Hutchinson said...

I reposted the list in the old style of sorting. I hope that works...

Anonymous said...

Robert,

I hope you can do it. The field really screwed it up. The old way you could quickly go to the T & R.

Robert Hutchinson said...

Check the new version out. I'm glad to know someone cares about the list.

Anonymous said...

I read your blog everyday and your lists every week. It is a real service if a person is seriously following HA and Bos shale. Even though I read and search I miss some of the concalls and articles so it is good to follow you.

I enjoy your thoughtfulness and reasoned analysi, as opposed to the idealogue driven, knee jerk responses you generally get on gohaynesville.

Robert Hutchinson said...

Thank you, Mr./Ms. Anonymous.