November 5, 2010 / 5:13 PM / 9 years ago

U.S. horizontal natgas rig count hits record high

 NEW YORK, Nov 5 (Reuters) - The number of horizontal rigs
drilling for oil and natural gas in the United States rose by
24 to a record high of 943 this week, oil services firm Baker
Hughes said on Friday.
 Horizontal rigs -- the type most often used to extract gas
from shale -- easily eclipsed the previous record high of 929
hit in early October.
 Analysts estimate that two-thirds of horizontal rigs are
drilling for natural gas, and these comprise part of the
overall rig count. The rest are drilling for oil.
 The overall gas-directed rig count fell by 12 this week to
955, below the 18-month high of 992 hit in mid-August.
 (Reporting by Joe Silha; Editing by David Gregorio)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below