Number of rigs exploring for oil, gas declines
HOUSTON (AP) — Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by 14 this week to 1,771.
The Houston firm said in its weekly report Friday that 1,416 rigs were exploring for oil and 351 for gas. Four were listed as miscellaneous. A year ago there were 1,759 active rigs.
Of the major oil- and gas-producing states, Texas gained three rigs, Kansas was up two and Ohio rose by one.
West Virginia was down by four, Louisiana declined by three, while Alaska, North Dakota, Pennsylvania and Wyoming each dipped by one. Arkansas, California, Colorado, New Mexico, Oklahoma and Utah were all unchanged.
The U.S. rig count peaked at 4,530 in 1981 and bottomed at 488 in 1999.