National drilling rig count down 2 to 1052
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Petroleum News
The number of rigs drilling for oil and natural gas in the U.S. was down by two the week ending Oct. 5 to 1,052.
At this time a year ago there were 936 active rigs.
Houston oilfield services company Baker Hughes reported that 861 rigs targeted oil (down two from the previous week) and 189 targeted natural gas (unchanged). Two were listed as miscellaneous (unchanged).
Among major oil- and gas-producing states, New Mexico and Oklahoma were each up two rigs; Pennsylvania was up one.
Texas was down five rigs; Alaska, Colorado and North Dakota were each down one.
The Baker Hughes rotary rig count shows five rigs active in Alaska, unchanged from a year ago.
The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May 2016 at 404.
- Petroleum News
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