Haynesville Rig Count March 4, 2016

According to Baker Hughes, there are currently 17 rigs operating in the Northern Louisiana area - with 7 of them located in DeSoto Parish, and only 1 in Caddo Parish. This is a decrease of 43% from this same time last year where we saw 30 rigs in operation.The effects of the current downturn have been felt across the country, and Louisiana is no exception. Many smaller operators have fallen by the wayside, and those still standing have drastically reduced their budgets and re-focused capital on smaller core areas - resulting in the lowest rig count the area has seen in years.

On the bright side, the Northern Louisiana rig count has decreased less than the national average, which is down about 59% from this time last year.