Archive for Friday, November 30, 2012
Rig Count for Dec. 1, 2012
November 30, 2012
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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 56 rigs online — 1 less than Nov. 23, and 21 less than Dec. 2, 2011.
• Wyoming has 49 rigs online — 2 less than Nov. 23, and 3 less than Dec. 2, 2011.
• The U.S. has 1,811 rigs online — 6 less than Nov. 23, and 182 less than Dec. 2, 2011.
Of those rigs:
— 1,741 are working on land, 20 in inland waters, and 50 offshore.
— 1,386 are drilling for oil, 424 for natural gas.
— 193 wells are directional, 1,110 are horizontal, and 508 are vertical.
As of the close of trading Thursday:
• Crude oil closed down 89 cents from a week ago at $86.49 a barrel on the New York Mercantile Exchange.
• Colorado Southeast crude oil closed up $1.25 from a week ago at $75.35 a barrel.
• Colorado Western crude oil closed up $1.25 from a week ago at $74.88 a barrel.
• Wyoming Sweet crude oil closed down 68 cents from a week ago at $75.05 a barrel.
• Natural gas closed down 20 cents from a week ago at $3.70 per 10,000 million British thermal units or MMBtu.
— Information compiled by Joe Moylan, Craig Daily Press
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Question of the week
News this week showed snowpack in the Yampa River basin has reached 94 percent of median for the date. Do you think Moffat County is out of the woods as far as drought concerns?
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