U.S. rig count down 11 this week to 1,748
HOUSTON (AP) — Oilfield services company Baker Hughes Inc. says the number of rigs actively exploring for oil and natural gas in the U.S. decreased by 11 this week to 1,748.
The Houston-based company said Friday in its weekly report that 1,390 rigs were exploring for oil and 353 for gas. Five were listed as miscellaneous. A year ago there were 1,959 active rigs.
Of the major oil- and gas-producing states, West Virginia and Wyoming each gained three, California gained two and Colorado and New Mexico gained one each.
Texas lost 11 rigs, Oklahoma lost five and Louisiana and North Dakota each lost three. Alaska, Arkansas and Pennsylvania were unchanged.
The U.S. rig count peaked at 4,530 in 1981 and bottomed at 488 in 1999.