Friday, October 15, 2010

U.S. Rig Count: -1 to 1,670

The weekly Baker Hughes rig count for the U.S. showed a one rig decrease to 1,670 total rigs. Gas rigs dropped by five to 966, while oil rigs increased by five to 695.  Miscellaneous rigs dropped by one to nine.  By type, vertical rigs increased by nine, while horizontal rigs decreased by three and directional rigs decreased by seven.  With the drop, horizontal rigs still represent 55.4% of the total rigs, up from  44.7% this time last year.

In the Haynesville region, inclusive of other formations, the rig count held at 202, dropping by one in north Louisiana to 132 and increasing by one in east Texas to 70.

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