The number of rigs actively exploring for oil and natural gas in the U.S. increased by 27 this week to 1,985, led by a big jump in Texas.
Houston-based drilling product provider Baker Hughes Inc. reported Friday that 1,062 rigs were exploring for oil and 912 for natural gas. Eleven were listed as miscellaneous. A year ago this week the rig count stood at 1,661.
Of the major oil- and gas-producing states, Texas gained 11 rigs, Louisiana six, California five, West Virginia four, North Dakota two and Arkansas and Wyoming one each.
Oklahoma declined by four, Colorado two and New Mexico one.
Alaska and Pennsylvania were unchanged.
The rig count peaked at 4,530 in 1981. A low of 488 was recorded in 1999.