Wednesday, December 21, 2011

Haynesville Rig Count Continues to Decline

Last week's Haynesville Shale rig count showed a three rig decline to 90.  Louisiana was down two to 58, while Texas was down one to 32.  The current rig count is only 49% of the peak reached in July 2010.

In terms of trends, Panola Co has shot to second place in Texas with seven rigs, its highest total since August 2010 (back when seven working rigs was only good enough for fourth place in Texas). On the downside, Shelby Co. is down to three rigs from a high of 20 in May 2010.  In Louisiana, DeSoto and Red River Parishes (43 rigs combined) represent 74% of all working Haynesville rigs in Louisiana, the highest this percentage has been since I first started compiling the rig count in January 2010.

No comments: