Friday, May 21, 2010

RIg Count: US +12 to 1,518

The Baker Hughes rig count showed a 12 rig increase to 1,518 this week.  The increase was driven by gas rigs, which increased by 18, while oil rigs decreased by six.  By type, there were six more horizontal rigs, four more directional rigs and two more  vertical rigs.

In the Haynesville Shale region, inclusive of other formations, the rig count dropped by two to 211.  East Texas held steady, while north Louisiana dropped two rigs.

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