U.S. rig count drops 9 this week to 1,767
HOUSTON (AP) — Oilfield services company Baker Hughes Inc. says the number of rigs actively exploring for oil and natural gas in the U.S. dropped nine this week to 1,767.
The Houston-based company said in its weekly report Friday 1,365 rigs were exploring for oil and 394 for gas. Eight were listed as miscellaneous. A year ago there were 1,864 active rigs.
Of the major oil- and gas-producing states, Colorado gained two rigs and Kansas, Pennsylvania and Utah each gained one rig.
Texas lost eight rigs, California lost three, New Mexico lost two and Louisiana and North Dakota each lost one. Alaska, Arkansas, Ohio, Oklahoma, West Virginia and Wyoming were unchanged.
The U.S. rig count peaked at 4,530 in 1981 and bottomed at 488 in 1999.