US Gulf of Mexico rig count increases to 27

Offshore staff 

HOUSTON – The US Gulf of Mexico rig count has increased to 27, according to the Baker Hughes Weekly Rig Count of Feb. 26, 2016.

That number was an increase of one (from 26) from the company’s weekly rig count dated Feb. 5, 2016, and is the same number reported in the Baker Hughes Weekly Rig Count of Jan. 8, 2016.

The overall US offshore rig count is down by 24 rigs, year over year.

Total rigs engaged in exploration and production in the US totaled 502 for the week ended Feb. 26, down by 12 from the previous report.

The current nationwide rig count is still less than half of the prior-year level of 1,267.

The natural gas rig count was up by one from the previous report to 102. This compares to 286 active natural gas rigs a year ago.

The oil rig count fell by 13 from the previous report to 400. 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 986.

03/01/2016 

Share your news with Offshore at news@offshore-mag.com

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...