US rig count gains 12

oil rig07 December 2013, News Wires – The number of rigs drilling for oil and gas in the US rose by 12 today for a total of 1775, according to data from Houston-based services giant Baker Hughes.

Gas-directed rigs rose by eight for a total of 375. Rigs drilling for oil were up by six to total 1397.

The Permian basin was the main mover anfd the biggest gainer with the addition of three rigs for a weekly total of 473.

The Eagle Ford lost one for 226. Texas as a whole gained eight rigs for a total of 842.

The Barnett and Haynesville gas shales each gained, adding one and two rigs, respectively, for totals of 35 and 40. Gas prices have been edging up amid cold winter weather in the US, and gas settled above $4 per thousand cubic feet for the first time in months this week.

The Marcellus lost a rig for 86. The Williston basin, home of the Bakken oil play, dropped one rig for a total of 179. The Mississippian gained a rig for 78. The DJ-Niobrara lost a rig for 48.

Oklahoma also gained big among states, adding five rigs for a total 180. Louisiana and Pennsylvania each lost two rigs for respective totals of 110 and 53.

– Upstream

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