Posted: Jun 4, 2011 10:09 AM by Chris Welty
Updated: Jun 4, 2011 10:10 AM
HOUSTON (AP) - The number of rigs actively exploring for oil and
natural gas in the U.S. rose by seven this week to 1,854 from a
Baker Hughes Inc., based in Houston, reported Friday that 959
rigs were exploring for oil and 887 for natural gas. Eight were
listed as miscellaneous. A year ago, the count was 1,506.
Of the major oil- and gas-producing states, Texas gained eight
rigs, and Alaska gained two. Louisiana, New Mexico and Pennsylvania
picked up one apiece.
Oklahoma lost three rigs while Colorado, North Dakota and West
Virginia dropped by one each.
Arkansas, California and Wyoming were unchanged.
The rig count peaked at 4,530 in 1981, the height of the oil
boom. A record low of 488 was counted in 1999.