Friday, July 11, 2014

U.S. Rig Count: +1 to 1,875

The Baker Hughes U.S. rig count was up one this week to 1,875.  Oil rigs were up one to 1,563, while gas and miscellaneous rigs held at 31 and one, respectively.  By type, horizontal rigs were up eight to 1,276 (an all time high, although not a big record to break since it was set only last week, and the week before...), vertical rigs were down seven to 377 and directional rigs were unchanged at 222.  Among gas rigs, horizontal rigs were up one to 230, directional rigs were up one to 64 and vertical rigs were down two to 17.

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