Friday, December 21, 2012

U.S. Rig Count: -25 to 1,774

The Baker Hughes rig count showed a 25 rig decrease this week, bringing the number of working rigs in the U.S. to 1,774.  Oil rigs were down 41 (!!!) to 1,340, gas rigs were up 13 to 429 and miscellaneous rigs were up three to five.  By type, horizontal rigs were unchanged at 1,105, vertical rigs were down 17 to 487 and directional rigs were down eight to 182.  Among gas rigs, horizontal rigs were up 15 to 304, directional rigs were down four to 69 and vertical rigs were up two to 56.

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