HOUSTON – The US Gulf of Mexico rig count has decreased to 25, according to the Baker Hughes Weekly Rig Count of Feb. 12, 2016.
That tally had fallen by one compared to the number (26) reported in the company’s weekly rig count dated Feb. 5, 2016.
Total rigs engaged in exploration and production in the US totaled 541 for the week ended Feb. 12, down by 30 from the previous report. The current nationwide rig count is still less than half of the prior-year level of 1,358.
The natural gas rig count was down by two from the previous report to 102. This compares to 300 active natural gas rigs a year ago.
The oil rig count fell by 28 from the previous report to 439. 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 1,056.
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