Wednesday, November 24, 2010

U.S. Rig Count: +10 to 1,687

The weekly Baker Hughes rig count showed a ten rig increase in the U.S., bringing the total number of working rigs to 1,687, the highest level for the past 12 months.  For the week, gas rigs increased by 17 to 953, while oil rigs dropped by seven to 724.  By type, horizontal rigs increased by 16, while directional rigs increased by three and vertical rigs decreased by nine.

In the Haynesville Shale region, inclusive of other formations, the rig count continued to drop, this week decreasing by five to 181, which is 40 rigs off the 12 month peak of 221 achieved April 30, 2010.  The count was down by two in north Louisiana (123) and three in east Texas (58).

Because of the holiday, the detailed Haynesville Shale rig count will be a little delayed.  I'll try to sneak away to work on it tonight and tomorrow, but it will definitely be done by Friday.  Happy Thanksgiving!

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