Friday, October 31, 2014

U.S. Rig Count: +2 to 1,929 (But Gas Rigs +14)

The Baker Hughes U.S. rig count was up two this week to 1,929.  Oil rigs were down 13 to 1,582, gas rigs were up 14 to 346 (their highest level since February 7, 2014) and miscellaneous rigs were up one to one.  By type, horizontal rigs were down two to 1,353, vertical rigs were up four to 365 and directional rigs were unchanged at 211.  Among gas rigs, horizontal rigs were up 11 to 256, directional rigs were up four to 63 and vertical rigs were down one to 27.

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