Friday, September 24, 2010

U.S. Rig Count: -11 to 1,650

The weekly Baker Hughes rig count showed an 11 rig decrease, bringing the weekly total to 1,650.  The biggest decrease was felt in gas rigs, which dropped 15 to 967.  Oil rigs increased by three to 673 and miscellaneous rigs increased by one to 10.  By type, horizontal rigs remained steady at 912 (55% of all rigs), while vertical rigs decreased by nine and directional rigs decreased by two.

In the Haynesville Shale region, inclusive of other formations, the rig count dropped by two to 198 with one rig decreases in both north Louisiana (134) and east Texas (64).

I expect the detailed Haynesville rig count to be completed this afternoon.

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