Friday, February 21, 2014

Rig Counts: Oil +2 Gas +5

Baker Hughes Rig Counts released today.

PDF Reports
Rig Count Summary
Basin Rig Counts
State Rig Counts
Canada Rig Counts

Oil Rigs
U.S. Oil Rigs were up a net +2, with larger changes by rig type.  No net increase in rig power, as only Verticals increased.

Oil basins were mostly little changed except for the Permian and Mississippian:

Gas Rigs
No gas basin rig counts changed by more than 1 rig, with the exception of the Marcellus which gained 2 Horizontal rigs.

Canada gained a net +7 Oil Rigs and +2 Gas Rigs.  Gas rig counts continue their strength, up +58 Horizontals over year ago levels.