US rig count up 12 this week to 1,671 - October 17, 2010

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

Vol. 15, No. 42

Week of October 17, 2010

US rig count up 12 this week to 1,671

The number of rigs actively exploring for oil and natural gas in the U.S. increased by 12 the week ending Oct. 8 to 1,671.

Houston-based Baker Hughes Inc. said 971 rigs were exploring for natural gas and 690 for oil. Ten were listed as miscellaneous. A year ago this week, the rig count stood at 1,041.

Of the major oil- and gas-producing states, Texas gained nine rigs and Louisiana and Oklahoma were each up five. North Dakota gained two and Arkansas and Colorado were up one each.

California was down by two and Alaska, New Mexico, Pennsylvania and Wyoming were all down one. West Virginia was unchanged.

The rig count tally peaked at 4,530 in 1981, during the height of the oil boom. The industry posted a record low of 488 in 1999.

—The Associated Press

Petroleum News - Phone: 1-907 522-9469 - Fax: 1-907 522-9583
[email protected] --- http://www.petroleumnews.com ---
S U B S C R I B E

Copyright Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA)©2013 All rights reserved. The content of this article and web site may not be copied, replaced, distributed, published, displayed or transferred in any form or by any means except with the prior written permission of Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA). Copyright infringement is a violation of federal law subject to criminal and civil penalties.