Friday, March 4, 2011

U.S. Rig Count: +8 to 1,707

The weekly Baker Hughes rig count showed an eight rig increase, bringing the number of working rigs in the U.S. to 1,707.  Oil rigs were up 18 to 801, gas rigs were down seven to 899 and miscellaneous rigs were down three to seven.  By type, directional rigs were up 14 and vertical rigs were up five, while horizontal rigs were down 11.

In the Haynesville region, inclusive of other formations, the rig count dropped by two to 169.  East Texas was up one to 57, while north Louisiana was down three to 112.

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