Friday, January 4, 2013

U.S. Rig Count: -1 to 1,762

The Baker Hughes rig count was down one this week to 1,762.  Oil rigs were down nine to 1,318, gas rigs were up eight to 439 and miscellaneous rigs held at five.  By type, horizontal rigs were up one to 1,112, vertical rigs were up three to 480 and directional rigs were down five to 170.  Among gas rigs, horizontal rigs were up 11 to 320, directional rigs were down four to 62 and vertical rigs were up one to 57.

This is the third straight week gas rigs have increased.  Over that time, gas rigs have increased by 23, including a net increase of 31 horizontal rigs.

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