Friday, March 19, 2010

U.S. Rig Count Up Again

The weekly Baker Hughes rig count showed yet another increase in the U.S. rig count, this time up 20 to 1,427.  This is 63% higher than the low achieved in June 2009.  Of the 20 rig increase, 12 are drilling for gas and eight for oil.  By type, there are nine net new horizontal rigs, nine directional rigs and two vertical rigs.

In the Haynesville Shale region, inclusive of other formations, the count was down by two to 207.  The count was unchanged in north Louisiana and down two in east Texas.

I'll work on the detailed count this afternoon.

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