Rig Report

Baker Hughes: US Oil, Gas Rig Count Up 12 To 1,539 This Week.

Even with the GOM shut down, oil rig counts rise while NG rigs drop just 1.  The GOM shutdown is deepwater rigs affecting 30+ rigs or so. Big news for the area and you will hear a lot about it on the national media but it is just one piece of the US drilling business.

The number of oil and gas rigs climbed to 1,539, up 12 rigs from the previous week, according to data from oil-field services company Baker Hughes Inc. (BHI). The number of gas rigs was 953, a decrease of one rig from last week, while the oil rig count was 574, an increase of 13 rigs. The number of miscellaneous rigs was unchanged at 12 rigs.