Friday, January 7, 2011

U.S. Rig Count: +6 to 1,700

The weekly Baker Hughes rig count showed a six rig increase to an even 1,700.  Oil rigs were up 12 to 777, while gas rigs were down five to 914 and miscellaneous rigs were down one to nine.  By type, horizontal rigs were up 19, while vertical rigs dropped by 12 and directional rigs decreased by one.  Horizontal rigs now represent 56.8% of the rigs operating in the U.S. today, a record high.

In the Haynesville region, inclusive of other formations, the rig count dropped by one to 178.  There were three fewer rigs operating in north Louisiana (120) and two new rigs in east Texas (58).

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