Friday, October 5, 2012

U.S. Rig Count: -11 to 1,837

The Baker Hughes U.S. rig count showed an 11 rig drop to 1,837.  Oil rigs were down 12 to 1,398, gas rigs were up two to 437 and miscellaneous rigs were down one to two.  By type, horizontal rigs were down 10 to 1,132, vertical rigs were down three to 511 and directional rigs were up two to 194.  Among gas rigs, horizontal rigs were up seven to 313, directional rigs were down five to 70 and vertical rigs held at 54.

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