Friday, March 22, 2013

U.S. Rig Count: -30 to 1,746

The Baker Hughes rig count was down 30 this week to 1,746.  Oil rigs were down 17 to 1,324, gas rigs were down 13 to 418 and miscellaneous rigs were unchanged at four.  By type, horizontal rigs were down 31 to  1,100 (lowest level since August 2011), vertical rigs were down  four to 432 and directional rigs were up five to 214.  Among gas rigs, horizontal rigs were down 16 to 302, directional rigs were up five to 62 and vertical rigs were down two to 54.

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