Friday, May 7, 2010

Rig Count Mixed

The Baker Hughes weekly rig count showed a nine rig net increase in the U.S. to reach 1,492, its high for the calendar year.  Of the rig increase, the only gain was in oil, which saw 15 new rigs.  Gas saw a five rig drop as did the miscellaneous category.  By type, there are nine more vertical rigs, one more directional rig and one fewer horizontal rig.

In the Haynesville Shale region, inclusive of other formations, the rig count dipped by nine, with a three rig decrease in north Louisiana and a six rig decline in east Texas. 

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