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Tuesday, October 20, 2020
Energy US rig count down 17 to 1,896

US rig count down 17 to 1,896

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Robert Francis
Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

HOUSTON (AP) — Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. fell 17 this week to 1,896.

The Houston firm said Friday in its weekly report that 1,564 rigs were exploring for oil and 330 for gas. Two were listed as miscellaneous. A year ago there were 1,776 active rigs.

Of the major oil- and gas-producing states, Kansas gained two rigs while Arkansas, Louisiana, West Virginia and Wyoming each rose by one.

Texas declined by 13 rigs, Alaska was off three, North Dakota was down two and California, Colorado, Oklahoma and Pennsylvania dropped one apiece.

New Mexico, Ohio 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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