HOUSTON – The US offshore rig count has fallen by one to 26, according to the Baker Hughes Weekly Rig Count of Jan. 15, 2016.
That number was a slight decrease over the report issued on Jan. 8, 2016, which indicated 27 rigs operating in US offshore areas.
Total rigs engaged in exploration and production in the US totaled 650 for the week ended Jan. 15, down by 14 from the previous week’s rig count. The current nationwide rig count is still less than half of the prior-year level of 1,676.
The natural gas rig count was down by 13 from the past week to 135. This compares to 310 active natural gas rigs a year ago.
The oil rig count fell by one from the previous week to 515. This number not only lies on the lower end of the five-year range but is also well below the previous year’s rig count of 1,366.