Wednesday, December 28, 2011

Haynesville Shale Rig Count: -1 to 89

Last week's Haynesville Shale working rig count dropped by another rig to 89.  Louisiana was down one to 57 while Texas held at 32.  For the first time since "Haynesville Shale" has become a household word, Chesapeake Energy does not have the most working rigs in the play.  It is currently tied with EXCO Resources at 15.  Chesapeake's rig count has fallen of significantly over the past six months (as expected).  Just six months ago, the company was averaging 34 working rigs in the play.  Over that same period, EXCO was averaging 20.

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