Friday, August 27, 2010

U.S. Rig Count: +5 to 1,656

The weekly Baker Hughes rig count showed a five rig increase nationally to 1,656.  This is the twelfth straight week of increased rigs since the deep water drilling moratorium.  The net increase was entirely in oil rigs, with 17 new oil rigs ans 12 fewer gas rigs.  By type, there were nine new horizontal rigs, eight new directional rids and 12 fewer vertical rigs.

In the Haynesville Shale area, inclusive of other formations, the rig count was up by five.  In north Louisiana, the count was up one to 137, while in east Texas the count was up four to 68.

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