Friday, February 24, 2012

U.S. Rig Count: -13 to 1,981

The Baker Hughes working rig count showed a 13 rig decline to 1,981. Oil rigs decreased by seven to 1,265, gas rigs decreased by six to 710 and miscellaneous rigs held at six.  By type, horizontal rigs were up two to 1,165, vertical rigs were down nine to 606 and directional rigs were down six to 210.  The chart below shows the changing rig count since 2005

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