Rig Count for Dec. 29

A count on oil and natural gas rigs, as of Friday, operating in Colorado, Wyoming and the U.S. overall, according to Baker Hughes, Inc., a Houston-based energy consulting company:

• Colorado has 57 rigs online — the same as Dec. 21, but 20 less than Dec. 30, 2011.

• Wyoming has 49 rigs online — the same as Dec. 21, but 7 less than Dec. 30, 2011.

• The U.S. has 1,763 rigs online — 11 less than Dec. 21, and 244 less than Dec. 30, 2011.

Of those rigs:

— 1,692 are working on land, 20 in inland waters, and 51 offshore.

— 1,327 are drilling for oil, 431 for natural gas.

— 175 wells are directional, 1,111 are horizontal, and 477 are vertical.

As of the close of trading Thursday:

• Crude oil closed up 74 cents from a week ago at $90.87 a barrel on the New York

Mercantile Exchange.

• Colorado Southeast crude oil closed up 50 cents from a week ago at $78.10 a barrel.

• Colorado Western crude oil closed up 50 cents from a week ago at $77.63 a barrel.

• Wyoming Sweet crude oil closed up 74 cents from a week ago at $79.87 a barrel.

• Natural gas closed down 9 cents from a week ago at $3.35 per 10,000 million British thermal units or MMBtu.

Information compiled by Joe Moylan, Craig Daily Press

Comments

Use the comment form below to begin a discussion about this content.

Requires free registration

Posting comments requires a free account and verification.