US oil and natural gas rig count shoots up 22

AP News
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Posted: Jun 24, 2011 3:52 PM
US oil and natural gas rig count shoots up 22

The number of rigs actively exploring for oil and natural gas in the U.S. rose by 22 this week to 1,882.

Houston-based drilling product provider Baker Hughes Inc. reported Friday that 1,003 rigs were exploring for oil and 873 for natural gas. Six were listed as miscellaneous. A year ago, the rig count stood at 1,552.

Of the major oil- and gas-producing states, Oklahoma gained 11 rigs and Texas added five. Pennsylvania and Colorado picked up three apiece, while Alaska and Wyoming each gained two. California added one.

Louisiana was the only state to lose rigs, dropping six. Arkansas, New Mexico, North Dakota and West Virginia were unchanged.

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