Friday, July 16, 2010

U.S. Rig Count: +4 to 1,571; Gas Rigs: +15 to 979

The weekly Baker Hughes rig count showed a four rig increase to 1,571, the highest level since June of last year. Gas rigs jumped by 15 to 979, their highest level since mid July last year and an increase of 47% since then.  Oil rigs dropped by 12 whule miscellaneous rigs increased by one.  By trajectory, vertical rigs jumped by 20, while horizontal rigs dercreased four and directional wells dropped by 12. 

In the Haynesville Shale region, inclusive of other formations, the rig count decreased by two to 210, as north Louisiana added one rig to 135 and east Texas dropped three rigs to 75. 

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