Friday, August 3, 2012

U.S. Rig Count: +6 to 1,930

The Baker Hughes U.S. rig count was up six rigs this week to 1,930.  Oil rigs were up 13 to 1,429 gas rigs were down seven to 498 and miscellaneous rigs held at three.  This is the lowest gas rig count since July 30, 1999.  By type, horizontal rigs were up four to 1,155, vertical rigs were up 14 to 547 and directional rigs were down 12 to 228.

Among gas rigs, horizontal rigs were down five to 344, directional rigs were down 13 to 84 and vertical rigs were up 11 to 70.

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