Friday, March 25, 2011

U.S. Rig Count: +18 to 1,738

The weekly Baker Hughes rig count showed an 18 rig increase in the U.S., bringing the total number of working rigs to 1,738.  Oil rigs were up 12 (851), gas rigs were up five (880) and miscellaneous rigs were up one (7).  At this trajectory, there will be more oil rigs working in the U.S. than gas rigs.  By type, vertical rigs were up 16, horizontal rigs were up nine and directional rigs were down seven.

In the Haynesville Shale region, inclusive of other formations, the rig count increased by two to 166.  North Louisiana was up three to 117 while east Texas was down one to 49.

2 comments:

PAPA ROACH said...

When looking at the HS rig count, is this all rigs that are drilling within the formation area, or just natural gas rigs in the area. Reason I ask has to do with the smackover; wondering if some of these rigs are exploring that and are being included as HS rigs.

Robert Hutchinson said...

The regional count (i.e. in this post) is all rigs in Dist. 6 of E. TX and N. LA. The post later today will be just Haynesville Shale rigs. If there is a SMK well, it would show up in the aggregated count but not the Haynesville list. It's a little confusing but I am watching the trend of Haynesville Shale rigs as a % of regional rigs.

And I did check to see if there were some new SMK wells drilling this week. Alas there were none.