Friday, March 18, 2011

U.S. Rig Count: +5 to 1,720

The weekly Baker Hughes rig count showed a five rig increase, bringing the total number of working rigs in the U.S. to 1,720.  Oil rigs increased by 12 to 839, while gas rigs decreased by seven to 875.  Miscellaneous rigs held at six.  Horizontal rigs increased by six to 986, the highest level ever, and directional rigs were up five to 231.  Vertical rigs were down six to 503.

In the Haynesville region, inclusive of other formations, the rig count was down one to 164, holding pat in north Louisiana at 114 and dropping one in east Texas to 50.

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