Thursday, April 5, 2012

U.S. Rig Count Unchanged at 1,979

The Baker Hughes U.S. working rig count was unchanged this week at 1,979, but there was plenty of movement under the surface. Oil rigs were up 11 to 1,329 while gas rigs were down 11 to 647, the lowest level in recent history.  Miscellaneous rigs were unchanged at three.  By type, horizontal rigs were down 15 to 1,165, while vertical rigs were up 17 to 583 and directional rigs were down two to 231.

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