Friday, December 10, 2010

U.S. Rig Count: +10 to 1,723

The Baker Hughes U.S. working rig count continues to climb, increasing by ten this week to 1,723.  Oil rigs were up 21 to 763, their highest level since at least 1987 when my data starts.  Gas rigs were down 13 to 948, and miscellaneous rigs were up by two to 12.  By type, directional rigs were up by seven and vertical rigs were up by three, while horizontal rigs were unchanged.

In the Haynesville Shale region, inclusive of other formations, the rig count dropped by five to 179, its lowest level since December 18, 2009.  Rigs in north Louisiana decreased by four to 119 and rigs in east Texas decreased by one to 60.

The detailed Haynesville Shale rig count should be available later this afternoon.

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