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Providing coverage of Alaska and northern Canada's oil and gas industry
July 2016

Vol 21, No. 29 Week of July 17, 2016

US drilling rig count up 9 to 440

The number of rigs drilling for oil and natural gas in the U.S. increased by nine the week ending July 8 to 440.

A year ago, 863 rigs were active. Depressed energy prices have sharply curtailed oil and gas exploration.

Houston oilfield services company Baker Hughes Inc. said 351 rigs were drilling for oil and 88 for natural gas this week. One was listed as miscellaneous.

Among major oil- and gas-producing states, Texas gained three rigs, New Mexico and North Dakota each gained two and Louisiana, Oklahoma and Wyoming each gained one.

Kansas declined by one rig.

Alaska, Arkansas, California, Colorado, Ohio, Pennsylvania, Utah and West Virginia were unchanged.

The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May at 404.

- Associated Press






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