By Alan Brochstein, CFA: Kudos to Baker Hughes (BHI) for updating its database of rig counts and making it interactive. I haven't fully checked it out yet, but I like what I see so far. Here is a link to the website, which can also be accessed from the BHI investor relations website. The company just released the tool today.
This is great information for investors in the Energy sector (XLE). The data allows one to parse the rigs by many variables:
- Oil vs. Gas (or Thermal)
- Horizontal vs. Vertical vs. Directional
- Depth
- Well Type
- Location (State, County, Basin)
When you run the program, the output has a map with the location of each well that includes major cities, basins, geology, county, highway and more. Here is a picture:
(click to enlarge)
In this example, I have looked at the active rigs in Texas. On the center panel, one can see each of them
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