US rig count down by 6

AP News
Posted: May 13, 2011 3:50 PM
US rig count down by 6

The number of rigs actively exploring for oil and natural gas in the U.S. decreased by six this week to 1,830.

Houston-based Baker Hughes Inc. reported Friday that 947 rigs were exploring for oil and 874 for gas. Nine were listed as miscellaneous. A year ago, the count was 1,506.

Of the major oil- and gas-producing states, New Mexico gained two rigs while Alaska, North Dakota, Texas and West Virginia each gained one.

Arkansas, Oklahoma and Pennsylvania each lost two rigs and Louisiana lost one. California, Colorado and Wyoming were unchanged.

The rig count peaked at 4,530 in 1981, the height of the oil boom. The record low of 488 was in 1999.