Friday, October 8, 2010

U.S. Rig Count: +12 to 1,671

The Baker Hughes weekly rig count showed a 12 rig increase to 1,671.  Rig counts haven't been this high since the last week of 2008.  The weekly increase can be attributed more to gas rigs (+ 9 to 971) than oil rigs (+3 to 690).  By type, horizontal rigs were up 13, vertical rigs up six and directional rigs down seven.

In the Haynesville Shale region, inclusive of other formations, the rig count increased by six to 202, up by three in both north Louisiana and east Texas.

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