Friday, July 12, 2013

U.S. Rig Count: +2 to 1,759

The Baker Hughes U.S. rig count was up two this week to 1,759.  Oil rigs were down four to 1,391, gas rigs were up seven to 362 and miscellaneous rigs were down one to six.  By type, horizontal rigs were down 10 to 1,058, vertical rigs were down two to 432 and directional rigs were up 14 to 269.  Among gas rigs, horizontal rigs held at 250, directional rigs were up five to 74 and vertical rigs were up two to 38. Interestingly, directional gas rigs are up 49% (up 24 from 50) over the past two months since May 17.

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