Friday, April 9, 2010

US Rig Count: +11

The weekly Baker Hughes rig count showed yet another increase in U.S. rig count, up 11 to 1,476.  I'm a bit surprised that of that net 11 increase, ten rigs are drilling for gas, with three additional rigs drilling for oil and two fewer rigs chasing the ever elusive "miscellaneous."  Of the new rigs, 14 are horizontal and three are directional, while the directional rig tally decreased by six. 

In the Haynesville region of east Texas and north Louisiana, inclusive of other formations, the rig count remained at 217, up one in Texas, down one in Louisiana.

In the Haynesville Shale, I counted a one rig decrease to 176 working rigs.  The count in Texas went up one, bringing the total to 45.  Of note, there was a new entrant (Sojitz Energy Venture) and a return (Crimson Exploroation).  In Louisiana, there were two fewer operating rigs, bringing the total to 131.

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