US oil and gas rig count drops by 40 to 988

Associated Press

Among major oil- and gas-producing states, Texas plummeted by 29 rigs, Oklahoma was down five, New Mexico by four and North Dakota dropped two.

HOUSTON (AP) — Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by 40 this week to 988 amid depressed oil prices. It was the first time the weekly count was below 1,000 since September 2009.

Houston-based Baker Hughes said Friday 760 rigs were seeking oil and 225 explored for natural gas. Three were listed as miscellaneous. A year ago, 1,831 rigs were active.

Among major oil- and gas-producing states, Texas plummeted by 29 rigs, Oklahoma was down five, New Mexico by four and North Dakota dropped two. Colorado, Ohio and Wyoming declined by one each.

Arkansas and Kansas each rose by one. Alaska, California, Louisiana, Pennsylvania, Utah and West Virginia were all unchanged.

The U.S. rig count peaked at 4,530 in 1981 and bottomed at 488 in 1999.

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

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

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...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs