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Providing coverage of Alaska and northern Canada's oil and gas industry
December 2018

Vol. 23, No 51 Week of December 23, 2018

National drilling rig count down 4 at 1,071

Petroleum News

The number of rigs drilling for oil and natural gas in the U.S. was down up by four the week ending Dec. 14 to 1,071.

At this time last year there were 930 active rigs.

Houston oilfield services company Baker Hughes reported that 873 rigs targeted oil (down four from the previous week) and 198 targeted natural gas (unchanged).

The company said 73 of the U.S. holes were directional, 927 were horizontal and 71 were vertical.

Among major oil and gas producing states, Wyoming was up five rigs and Texas was up three.

California, Colorado and Louisiana were unchanged.

Alaska and Pennsylvania were each down by one rig; North Dakota and Oklahoma were each down two rigs; New Mexico was down five rigs.

Baker Hughes shows Alaska with six active rigs, up one 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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