Friday, February 18, 2011

U.S. Rig Count: -8 to 1,713

The weekly Baker Hughes rig count showed an eight rig decrease, bringing the number of working rigs to 1,713 (although the detailed rig count shows 1,714 rigs).  The number of oil rigs decreased by seven to 798, while the number of gas rigs decreased by one to 905.  The number of miscellaneous rigs was unchanged at ten.  By type, vertical rigs were down ten, directional rigs were down two and horizontal rigs were up four.

In the Haynesville Shale region, inclusive of other formations, the rig count was unchanged at 171, with north Louisiana (115) and east Texas (56) both unmoved.

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