Wednesday, December 22, 2010

U.S. Rig Count: +5 to 1,714

The weekly Baker Hughes rig count showed a five rig increase in the U.S., bringing the count up to 1,714.  Oil rigs increased by 15 to 771, the largest number of oil-based rigs since at least 1987 (I'm too lazy to research before '87), while gas rigs decreased by 10 to 931.  Miscellaneous rigs held at 12.  By type, vertical rigs were up 11 and horizontal rigs were up five, while directional rigs were down 11.

In the Haynesville Shale region, inclusive of other formations, the rig count was down by two to 182.  There was one new rig working in east Texas (61) and three fewer in north Louisiana (121).

The detailed Haynesville Shale rig count should be available late this afternoon or tomorrow.

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