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July 2017

Vol. 22, No. 27 Week of July 02, 2017

US drilling rig count rises by 8, to 941

The number of rigs exploring for oil and natural gas in the U.S. rose by eight the week ending June 23 to 941.

A year ago, just 421 rigs were active.

Houston oilfield services company Baker Hughes said 758 rigs targeted oil (up 11 from the previous week) and 183 targeted natural gas (down three).

Among major oil- and gas-producing states, Oklahoma added five rigs, North Dakota increased by three rigs, Louisiana gained two and California and Colorado were up one each.

Alaska declined by two while New Mexico and Utah declined by one apiece. Arkansas, Kansas, Ohio, Pennsylvania, Texas, West Virginia and Wyoming were unchanged.

The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May of 2016 at 404.

- ASSOCIATED PRESS





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