U.S. Active Rig Count Decreases by Eight

From shreveporttimes.com - HOUSTON — The number of rigs actively exploring for oil and natural gas in the U.S. decreased by eight this week to 1,677. Houston-based Baker Hughes Inc. said Friday that 936 rigs were exploring for natural gas and 731 for oil. Ten were listed as miscellaneous. A year ago this week, the rig count stood at 1,113. Of the major oil- and gas-producing states, Texas gained seven rigs and Arkansas, Colorado and North Dakota each gained two. Oklahoma lost eight rigs, Louisiana lost five, New Mexico and Pennsylvania each lost three and Wyoming lost two. Alaska, California and West Virginia remained unchanged. The rig count tally peaked at 4,530 in 1981 and fell to a record low of 488 in 1999. More here

U.S. Active Rig Count Decreases by Eight