Friday, June 4, 2010

Rig Count Down with Gulf Moratorium

The impact of the temporary moratorium on deepwater drilling punched a hole in the weekly Baker Hughes rig count, which dropped 29 to 1,506.  The biggest component of the drop was a 23 rig decrease in the Gulf of Mexico, or half the working rigs in the area.  As expected, vertical rigs decreased by 32, while horizontal rigs increased by three.   Oil rigs decreased by 10, gas rigs decreased by 20 and miscellaneous rigs increased by one.

In the Haynesville Shale region, inclusive of other formations, the rig count decreased by two to 211.  The count was stable in east Texas but dropped by two in north Louisiana. 

No comments: