Friday, March 9, 2012

U.S. Rig Count: -16 to 1,973

The weekly Baker Hughes rig count was down 16 rigs to 1,973.  Oil rigs were up three to 1,296, gas rigs were down 21 to 670 and miscellaneous rigs were up two to seven. The current level of gas rigs is only five above the recent low of 665 set in July 2009.  By type, horizontal rigs were down six to 1,164, vertical rigs were down seven to 597 and directional rigs were down three to 212.

No comments: