Sunday, December 9, 2012

Haynesville Shale Rig Count: +3 to 21

Yes, you read that right:  the Haynesville Shale rig count was up three rigs last week to 21 working rigs.  Texas was up two to nine and Louisiana was up one to twelve.

<---Let's get a closer look.  Small but pretty!  It's amazing (and sad) what gets me excited these days.

In Texas, both Anadarko and XTO Energy added a rig, while in Louisiana, Encana resurfaced with a new rig.  As we discussed two weeks ago, Encana's reemergence is part of their big joint venture with Nucor to supply the steel company with gas.  Word on the street is that this might be the only Encana rig working the Haynesville for a while, so we will temper our enthusiasm (but it's still nice to see them back).

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