Energy Environmental Blog

Rig Counts

Written by Greg Russell | Oct 23, 2011 10:57:55 AM

The Star Telegram has an interesting article on rig counts:  "Those 'oily' plays are sending the U.S. and Texas drilling rig counts soaring. Oil production nationally and in the Lone Star State is increasing, a phenomenon that many industry veterans thought they might never again see after a steep decline in oil output that has been nearly 40 years in the making.  *** Amid the new craze for crude, the Barnett Shale rig count plummeted to 53 active rigs Oct. 14, the fewest since June 11, 2004, according to information compiled by RigData."