National drilling rig count up 4 to 1,067

Petroleum News

The number of rigs drilling for oil and natural gas in the U.S. was up by four the week ending Oct. 19 to 1,067.

At this time last year there were 913 active rigs.

Houston oilfield services company Baker Hughes reported that 873 rigs targeted oil (up by four from the previous week) and 194 targeted natural gas (up one). There were no rigs listed as miscellaneous (down one).

Among major oil and gas producing states, Texas was up eight rigs and California was up two.

Alaska and New Mexico were each down two rigs; Oklahoma and Pennsylvania were each down one.

Colorado, Louisiana, North Dakota and Wyoming were unchanged.

Baker Hughes shows Alaska with three active rigs, down 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