Friday, January 21, 2011

U.S. Rig Count: +13 to 1,713

The weekly Baker Hughes rig count showed a 13 rig increase, bringing the total number of working rigs in the U.S. to 1,713, the highest level it has been since December 26, 2008.  The number of oil rigs increased by nine to 798, gas rigs increased by four to 906 and miscellaneous rigs held at nine.  By type, Directional rigs were up 14, while horizontal rigs were down one and the number of vertical rigs was unchanged.

In the Haynesville region, inclusive of other formations, the rig count was down by three to 173.  The Louisiana count was down four to 117 and the Texas count was up one to 56.

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