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Wednesday, April 17, 2019

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US rig count declines by 10 this week to 757

US rig count declines by 10 this week to 757

HOUSTON (AP) — Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. this week declined by 10 to 757.

Houston's Baker Hughes said Friday that 564 rigs were seeking oil and 193 explored for natural gas. A year ago, with oil prices almost double the prices now, 1,929 rigs were active.

Among major oil- and gas-producing states, Louisiana and Oklahoma each lost four rigs, Colorado and Wyoming each declined by three, West Virginia lost two and Ohio declined by one.

Texas gained four rigs, Pennsylvania gained two and North Dakota increased by one.

Alaska, Arkansas, California, Kansas, New Mexico and Utah were unchanged.

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

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