US rig count increases by 20

HOUSTON – The number of rigs actively exploring for oil and natural gas in the U.S. increased by 20 this week to 1,427.

Baker Hughes Inc. said Friday that 939 rigs were exploring for natural gas and 474 for oil. Fourteen were listed as miscellaneous. A year ago this week, the rig count stood at 1,085.

Of the major oil- and gas-producing states, Oklahoma and Texas gained five rigs, Louisiana gained four, California, Colorado and West Virginia each gained three, Alaska gained two and North Dakota gained one. New Mexico lost two rigs and Pennsylvania lost one. Arkansas and Wyoming were unchanged.

The rig count tally peaked at 4,530 in 1981, during the height of the oil boom, and it fell to a record low of 488 in 1999.

Baker Hughes is based in Houston.

A service of YellowBrix, Inc.

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