Friday, July 23, 2010

U.S. Rig Count: +14 to 1,585; Gas Rig Count: +3 to 982

The weekly Baker Hughes rig count showed a continued growth in working rigs, increasing this week by 14 to 1,585.  Most of the growth was in oil-targeted rigs, which increased by 11 to 591, while gas-targeted rigs increased by three to 982.  By type, vertical rigs jumped 11, while directional rigs increased by four and horizontal rigs decreased by one.  Horizontal rigs still make up 54% of the working rig fleet, compared to 43% this week last year.

In the Haynesville Shale region, inclusive of other formations, the rig count increased by three to 213, with a seven rig increase in north Louisiana to 142 and a four rig decrease in east Texas to 71.

The detailed rig count and updated map should be ready by late afternoon.

No comments: