Friday, October 29, 2010

U.S. Rig Count: +3 to 1,672

The weekly Baker Hughes rig count showed a three rig increase to 1,672. Gas rigs increased by two to 967, and oil rigs increased by one to 696.  Miscellaneous rigs were unchanged at nine.  By type, horizontal rigs increased by 12, while vertical rigs decreased by six and directional rigs decreased by three.  There are currently 919 horizontal rigs working, which represents 55% of the total working rigs.  This week last year, there were 497 active horizontal rigs, which represented 46.5% of all working rigs.

In the Haynesville Shale region, inclusive of other formations, the rig count increased by one to 201.  North Louisiana dropped one rig to 130, while Texas increased by two rigs to 71.

Detailed Haynesville Shale counts should be available late this afternoon.

No comments: