Friday, October 1, 2010

U.S. Rig Count: +9 to 1,659

The weekly Baker Hughes rig count showed a nine rig increase nationwide.  The big jump was in oil rigs, which increased by 14 to 687.  Gas rigs decreased by five to 962 and miscellaneous rigs held firm at 10.  By trajectory, directional rigs were up seven, horizontal rigs were up four and vertical rigs were down two.

In the Haynesville Shale region, inclusive of other formations, the rig count decreased by two to 196.  The Louisiana count was down four to 130 and the Texas count was up two to 66.  The Louisiana rig count is as low as it has been since late January 2010, having peaked at 143 in late July.

I hope to have the detailed rig count posted this weekend.

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