Friday, March 11, 2011

U.S. Rig Count: +8 to 1,715

The weekly Baker Hughes count of working rigs in the U.S. increased by eight to 1,715.  Oil rigs were up by 26 to 827, gas rigs were down 17 to 882 and miscellaneous rigs were down one to six.  By type, horizontal rigs were up 11, vertical rigs were up six and directional rigs were down nine.

In the Haynesville Shale region, inclusive of other formations, the rig count dropped by four to 165.  The count increased by two in north Louisiana to 114 and decreased by six in east Texas to 51.  The east Texas count is as low as it has been since December 4, 2009.

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