Friday, November 12, 2010

U.S. Rig Count: +2 to 1,685

The weekly Baker Hughes rig count showed a two rig increase to 1,685.  Gas rigs held steady at 955, while oil rigs increased by two.  By type, vertical rigs were up by 14, while directional rigs decreased by nine and horizontal rigs decreased by three.  Even with the drop, horizontal rigs still represent 55.8% of the rigs operating today, compared to 46.5% this week last year and 32.1% this week two years ago.

In the Haynesville Shale region, inclusive of other formations, the rig count dropped by four to 192.  East Texas dropped three rigs to 62, its lowest level since January 22, 2010, while north Louisiana dropped one to 130.

1 comment:

Anonymous said...

Robert make sure you watch 60 minutes on Sunday