Friday, November 5, 2010

U.S. Rig Count: +11 to 1,683

The weekly Baker Hughes rig count showed an 11 rig increase to 1,683.  Oil rigs increased by 22 to 718, while gas rigs decreased by 11 to 955.   Miscellaneous rigs increased by one to 10.  By type, horizontal rigs increased by 24, while vertical rigs decreased by 11 and directional rigs decreased by two.

In the Haynesville Shale region, inclusive of other formations, the rig count dropped by five to 196.  The north Louisiana rig count increased by one to 131 while the east Texas rig count decreased by six to 65.

Detailed Haynesville Shale rig counts should be available late this afternoon.

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