Friday, June 21, 2013

U.S. Rig Count: -12 to 1,759

The Baker Hughes U.S. rig count was down 12 this week to 1,759.  Oil rigs were down eight to 1,405, gas rigs were down four to 349 and miscellaneous rigs were unchanged at five.  That's the lowest gas rig count since June 16, 1995.  (Just for reference, less than five years ago (9/19/08), there were 1,257 more gas rigs operating than today.  I'll do the math for you - that's 1,606 total gas rigs, four and a half times more rigs.  Wow, times have changed.)

By type, horizontal rigs were down seven to 1,079, vertical rigs were down three to 438 and directional rigs were down two to 242.  Among gas rigs, horizontal rigs were up one to 247, directional rigs were down two to 63 and vertical rigs were down three to 39.

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