Friday, March 12, 2010

Rig Count Mixed Again

The weekly Baker Hughes rig count showed another increase in U.S. rig count, rising by 11 to 1,407.  Almost all of the new rigs, ten, are drilling for oil wells, while one is drilling for gas.  Of the net 11 rig increase, there was an increase of 18 vertical wells and seven horizontal wells, while there was a decrease of 14 directional wells.

In the Haynesville region, inclusive of other formations, the net rig count was down two to 209, with a four rig increase in north Louisiana and a six rig decrease in east Texas.

I will work on the detailed rig Haynesville count but it probably won't be published until the end of the weekend.

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