Friday, July 30, 2010

U.S. Rig Count: +1 to 1,586

The weekly Baker Hughes rig count showed a one rig increase in the U.S., bringing the total working rigs to 1,586.  This figure is 81% higher than the recent low achieved in June 2009.  During the week, gas rigs dropped by 10 to 972, while oil rigs increased by 12 to 603 and directional wells dropped by one to 11.  By type, vertical rigs increased by four and directional rigs increased by two while horizontal rigs decreased by four.

In the Haynesville region, inclusive of other formations, the rig count increased by two to 215.  North Louisiana was up one to 143 and east Texas was up one to 72.

The detailed Haynesville rig count will be up by late afternoon or tomorrow.

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