The number of operating oil and natural gas rigs in the United States went down by 10 to 2,016 this week, according to a weekly report released in Houston on Friday.
A total of 1,133 rigs were exploring for oil and 877 for natural gas in the U.S., with another six rigs listed as miscellaneous, according to the report released by the Houston- based oil service company Baker Hughes Inc..
The rig count stood at 1,685 a year ago.
Of the leading oil- and gas-producing states, Louisiana added six rigs, from 154 to 160 this week. Oklahoma gained one rig to 196.
Wyoming lost six rigs, and North Dakota lost four. Texas and Pennsylvania lost three rigs each, followed by Alaska and Colorado which lost one each
The Baker Hughes rig counts, first issued in 1944, serve as an important business barometer for drilling firms and their suppliers to gauge the overall business environment of the oil and gas industry.
The U.S. rig count peaked at 4,530 in 1981 as a result of the oil boom. It plummeted to a record low of 488 in 1999.
A total of 1,133 rigs were exploring for oil and 877 for natural gas in the U.S., with another six rigs listed as miscellaneous, according to the report released by the Houston- based oil service company Baker Hughes Inc..
The rig count stood at 1,685 a year ago.
Of the leading oil- and gas-producing states, Louisiana added six rigs, from 154 to 160 this week. Oklahoma gained one rig to 196.
Wyoming lost six rigs, and North Dakota lost four. Texas and Pennsylvania lost three rigs each, followed by Alaska and Colorado which lost one each
The Baker Hughes rig counts, first issued in 1944, serve as an important business barometer for drilling firms and their suppliers to gauge the overall business environment of the oil and gas industry.
The U.S. rig count peaked at 4,530 in 1981 as a result of the oil boom. It plummeted to a record low of 488 in 1999.
