November 12, 2010 / 6:10 PM / 9 years ago

US natgas rig count unchanged at 955--Baker Hughes

 NEW YORK, Nov 12 (Reuters) - The number of rigs drilling
for natural gas in the United States were unchanged this week
at 955, according to a report on Friday by oil services firm
Baker Hughes in Houston.
 The gas-directed rig count, which has fallen three times in
the last five weeks, hit 992 in mid-August, its highest level
since February 2009 when there were 1,018 rigs drilling for
gas.
 Horizontal rigs -- the type most often used to extract oil
or gas from shale -- slipped three to 940 after hitting a
record high of 943 last week, Baker Hughes said.
 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.
 (Reporting by Joe Silha; Editing by David Gregorio)


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