Friday, March 7, 2014

Gas Rigs: +10 to 345 This Week

The Baker Hughes U.S. rig count was up 23 this week to 1,792.  Oil rigs were up 13 to 1,443, gas rigs were up 10 to 345 and miscellaneous rigs held at four.  While ten rigs is a big move, last week's rig count was the lowest in a couple of decades, so there was room to run.  By type, horizontal rigs were up 21 to 1,202 (the highest count ever for hz rigs), vertical rigs were up one to 392 and directional rigs were up one to 198.  Among gas rigs, horizontal rigs were up eight to 257, directional rigs were down one to 54 and vertical rigs were up three to 34.

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