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Tuesday, November 24, 2020
Energy US rig count down 4 this week, settles at 1,739
Energy US rig count down 4 this week, settles at 1,739

US rig count down 4 this week, settles at 1,739

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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 actively exploring for oil and natural gas in the U.S. decreased by four this week to 1,739.

The Houston-based company said in its weekly report Friday that 1,361 rigs were exploring for oil and 372 for gas. Six were listed as miscellaneous. A year ago there were 1,839 active rigs.

Of the major oil- and gas-producing states, Colorado gained three rigs and Louisiana, North Dakota and West Virginia each gained one.

Texas lost five rigs, Ohio and Oklahoma each lost two and Arkansas, Kansas and Pennsylvania each lost one. Alaska, California New Mexico, Utah and Wyoming were unchanged.

The U.S. rig count peaked at 4,530 in 1981 and bottomed at 488 in 1999.

 


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