Friday, June 22, 2012

U.S. Rig Count: -5 to 1,966 (Gas Rigs Down 21)

The Baker Hughes U.S. rig count dropped by five this week, bringing the number of working rigs to 1,966.  Oil rigs were up 16 to 1,421, gas rigs were down 21 to 541 and miscellaneous rigs held at four.  By type, horizontal rigs were up three to 1,165, vertical rigs were down eight to 568 and directional rigs held at 233.

Of the gas rigs, horizontal rigs were down 15 to 373, directional rigs were down two to 97 and vertical rigs were down four to 71.

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