Tuesday, January 20, 2015

U.S. Rig Count -74 to 1,676

The Baker Hughes U.S. rig count was down 74 rigs last week to 1,676.  Oil rigs were down 55 to 1,366 and gas rigs were down 19 to 310.  (Oil rigs are down by 209 over the past six months.)
 By type, horizontal rigs were down 48 to 1,253, vertical rigs were down 18% to 270 and directional rigs were down eight to 153.  Among gas rigs, horizontal rigs were down 14 to 232, directional rigs were down three to 48 and vertical rigs were down two to 30.

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