Friday, September 11, 2015

U.S. Rig Count: -16 to 848

The Baker Hughes U.S. rig count was down 16 to 848 this week.  Oil rigs were down 10 to 652 and gas rigs were down six to 196.  This is the first time in the BHI count data (compiled since July 1987) that the gas rig count has dropped below 200 (and annual production keeps increasing!).  By type, horizontal rigs were down 11 to 648, vertical rigs were down one to 119 and directional rigs were down four to 81.  Among gas rigs, horizontal rigs were down five to 146, directional rigs were down two to 37 and vertical rigs were up one to 13.

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