US rig count up by 39 this week

AP News
|
Posted: Aug 12, 2011 2:37 PM
US rig count up by 39 this week

The number of rigs actively exploring for oil and natural gas in the U.S. increased by 39 this week to 1,959.

Houston-based drilling product provider Baker Hughes Inc. reported Friday that 1,055 rigs were exploring for oil and 896 for natural gas. Eight were listed as miscellaneous. A year ago this week the rig count stood at 1,640.

Of the major oil- and gas-producing states, Texas gained 20 rigs and North Dakota 14. Colorado was up seven, California up three, Pennsylvania two and Oklahoma one. Louisiana declined by five and Wyoming was down three. Alaska, Arkansas, New Mexico and West Virginia were unchanged.

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