Friday, April 30, 2010

Rig Count: +1 US, +7 Haynesville Region

The weekly Baker Hughes rig count showed a one rig increase nationally to 1,483.  Last week's nine rig decrease was the first one since Christmas.  Doubtful that this week's increase marks a new upward trend.  Of the one rig net increase, there were two new rigs targeting gas and one less rig targeting gas.  Of the net one increase, there were 12 more horizontal rigs, but eight fewer vertical rigs and one less directional rig.

In the Haynesville Shale region, inclusive of other formations, the rig count jumped by seven to 221.  There were eight new rigs operating in north Louisiana and one less rig in east Texas. 

The detailed rig counts should be completed late today or tomorrow.

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