Friday, July 27, 2012

U.S. Rig Count: -11 to 1,924

The Baker Hughes rig count dropped by 11 rigs this week to 1,924.  Oil rigs were up two to 1,416, gas rigs were down 13 to 505 and miscellaneous rigs held at three.  By type, horizontal rigs were down 13 to 1,151, vertical rigs were down eight to 533 and directional rigs were up 10 to 240.  Among gas rigs only, horizontal  rigs were down 10 to 349, directional rigs were up one to 97 and vertical rigs were down four to 59.

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