Sunday, July 29, 2012

Haynesville Shale Rig Count Unchanged at 27

For the third straight week, the Haynesville Shale rig count held at 27, 14 in Louisiana and 13 in Texas.  Have we reached the bottom?  I don't know.  Word on the street has been that Petrohawk is going to drop to four (from five currently), and BP dropped off the list this week.  But Anadarko added another rig, bringing its count to eight, which is pretty amazing given that the company was running two to three rigs six months ago.  Nearly all of the Texas drilling activity is centered on Panola county, with 11 of the 13 Texas Haynesville wells drilling right now.

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