Friday, June 17, 2011

U.S. Rig Count: +5 to 1,860

The weekly Baker Hughes rig count showed a five rig increase in the U.S., bringing the current rig count to 1,860, its highest level since the end of November 2008.  This week, oil rigs were up 15 to 984, while gas rigs were down nine to 870 and miscellaneous rigs were down one to six.  By type, directional rigs were up ten to 241, while horizontal rigs were down four to 1,061 and vertical rigs were down one to 558.

In the Haynesville Shale region, inclusive of other formations, the rig count was down one to 149, dropping two in north Louisiana to 99 (it's lowest level since September 2009) and east Texas was up one to 50.

Look for the Haynesville Shale rig count later this afternoon.

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