US rig count drops 13 this week to 489; Texas down 4

AP News
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Posted: Mar 04, 2016 4:40 PM

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 13 this week to 489, a near record low.

The Houston company said Friday that 392 rigs sought oil and 97 explored for natural gas amid depressed energy prices. A year ago, 1,192 rigs were active.

Among major oil- and gas-producing states, Texas declined by four rigs, North Dakota and Oklahoma dropped by three, Colorado declined by two, and Louisiana, New Mexico and West Virginia each lost a rig.

Alaska gained a rig.

Arkansas, California, Kansas, Ohio, Pennsylvania, Utah and Wyoming all were unchanged.

The U.S. rig count peaked at 4,530 in 1981 and bottomed at 488 in 1999.