US rig count decreases by 8 to 1,677 - November 28, 2010

Providing coverage of Alaska and northern Canada's oil and gas industryNovember 2010

Vol. 15, No. 48

Week of November 28, 2010

US rig count decreases by 8 to 1,677

The number of rigs actively exploring for oil and natural gas in the U.S. decreased by eight the week ending Nov. 19 to 1,677.

Houston-based Baker Hughes Inc. said 936 rigs were exploring for natural gas and 731 for oil. Ten were listed as miscellaneous. A year ago this week, the rig count stood at 1,113.

Of the major oil- and gas-producing states, Texas gained seven rigs and Arkansas, Colorado and North Dakota each gained two. Oklahoma lost eight rigs, Louisiana lost five, New Mexico and Pennsylvania each lost three and Wyoming lost two. Alaska, California and West Virginia remained unchanged.

The rig count tally peaked at 4,530 in 1981 and fell to a record low of 488 in 1999.

—The Associated Press

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