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

Vol. 21, No. 40 Week of October 02, 2016

US drilling rig count up 5 to 511

The number of rigs drilling for oil and natural gas in the U.S. increased by five the week ending Sept. 23 to 511.

A year ago, 838 rigs were active. Depressed energy prices have sharply curtailed oil and gas exploration.

Houston oilfield services company Baker Hughes Inc. said 418 rigs targeted oil, up two, and 92 natural gas, up three. One was listed as miscellaneous.

Among major oil- and gas-producing states, Texas and Oklahoma each gained two rigs and Alaska, California, North Dakota and Pennsylvania were each up one.

Louisiana, New Mexico and West Virginia each declined by one rig.

Arkansas, Colorado, Kansas, Ohio, Utah and Wyoming 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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