Friday, May 4, 2012

U.S. Rig count: +20 to 1,965

The Baker Hughes rig count showed a 20 rig increase this week, bringing the number of working rigs in the U.S. to 1,965. Oil rigs were up 27 to 1,355, gas rigs were down seven to 606 and miscellaneous rigs held at four. This is the lowest the gas rig count has been for ten years (on April 5, 2002 it dipped to 591). By type, horizontal rigs were up 19, vertical rigs were up ten and directional rigs were down nine.

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