Active rigs up by 2HOUSTON (AP) — The number of rigs actively exploring for oil and natural gas in the United States
HOUSTON (AP) — The number of rigs actively exploring for oil and natural gas in the United States went up by two this week to 968.
Houston-based Baker Hughes Inc. reported Friday that of the rigs running nationwide, 688 were exploring for natural gas and 272 for oil. Eight were listed as miscellaneous.
A year ago, when oil and gas prices were much higher, the rig count stood at 1,990.
Of the major oil- and gas-producing states, Texas lost six rigs, Oklahoma lost three and Colorado lost one. North Dakota added four, and Wyoming, Louisiana and Alaska each gained one. Arkansas, California and New Mexico were unchanged.
The rig count tally peaked at 4,530 in 1981, during the height of the oil boom. The industry posted a record low of 488 in 1999.