Friday, February 11, 2011

U.S. Rig Count: -18 to 1,721

The weekly Baker Hughes rig count showed an 18 rig decrease to 1,721, reversing five weeks of gains.  The oil rig count decreased by 13 (805), the gas rig count decreased five (906) and the miscellaneous rig count was unchanged (10).  By type, vertical rigs were down 13, directional rigs down four and horizontal rigs down one.  Horizontal rigs now represent 56.9% of all U.S. working rigs, the highest level ever.

In the Haynesville area, inclusive of other formations, the rig count increased by one to 171.  One rig was added in north Louisiana (115) and east Texas was unchanged (56).

The specific Haynesville Shale count should be available late this afternoon.

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