Friday, May 23, 2014

U.S. Rig Count: -4 to 1,857

Baker Hughes announced that the U.S. rig count was down four to 1,857.  Oil rigs were down three to 1,528, gas rigs were down one to 325 and miscellaneous rigs held at four.  By type, horizontal rigs were down five to 1,243, vertical rigs were up three to 409 and directional rigs were down two to 205.  Among gas rigs, horizontal rigs were up three to 240, directional rigs were unchanged at 55 and vertical rigs were down four to 30.

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