HOUSTON – The US Gulf of Mexico rig count has increased to 27, according to the Baker Hughes Weekly Rig Count of April 15, 2016.
That number is an increase of three compared to the company’s weekly rig count of April 8, 2016, and is down five rigs year over year.
The company also reported that the overall US rig count, including onshore and offshore, totaled 440 in the week ended April 15, 2016. This was down by three units from the previous week and an all-time low.
The current nationwide rig count is less than half the prior-year level of 954. Notably, the count had peaked to 4,530 in 1981. Inversely, the all-time low was recorded at 488 during 1999. However, this was broken last month and since then the rig count has been touching new lows steadily.