US rig count up by 7 this week

By: Associated press Email
By: Associated press Email

HOUSTON (AP) - The number of rigs actively exploring for oil and natural gas in the U.S. increased by seven this week to 1,739.

Houston-based Baker Hughes Inc. reported Friday that 911 rigs were exploring for gas and 818 for oil. Ten were listed as miscellaneous. A year ago, the count was 1,335.

Of the major oil- and gas-producing states, Texas gained 10 rigs, New Mexico gained three and Alaska, Louisiana and Pennsylvania each were up one.

North Dakota declined by six, California by two and Oklahoma one. Arkansas, Colorado, West Virginia and Wyoming all were unchanged.

The rig count peaked at 4,530 in 1981, the height of the oil boom. The record low of 488 was in 1999.
(COPYRIGHT 2011 BY THE ASSOCIATED PRESS. ALL RIGHTS RESERVED.)


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