Friday, May 3, 2013

U.S. Rig Count: +10 to 1,764

The Baker Hughes rig count was up ten this week to 1,764.  Oil rigs were up 22 to 1,403 (their highest level since October 2012), gas rigs were down 12 to 354 (their lowest level since June 1995) and miscellaneous rigs were unchanged at seven.  By type, horizontal rigs were up eight to 1,092, vertical rigs were up four to 475 and directional rigs were down two to 197.  Among gas rigs, horizontal rigs were down three to 256, directional rigs were down six to 53 and vertical rigs were down three to 45.

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