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Providing coverage of Alaska and northern Canada's oil and gas industry
June 2016

Vol 21, No. 23 Week of June 05, 2016

US drilling rig count holds steady at 404

The number of rigs drilling for oil and natural gas in the U.S. held steady the week ending May 27 at 404. That number, reported by Houston oilfield services company Baker Hughes, was the same as the number for the week ending May 20, which was another all-time low amid low energy prices.

A year ago, 844 rigs were active.

Baker Hughes said 316 rigs were drilling for oil, down two from the previous week, and 87 for natural gas, up two. One was listed as miscellaneous.

Among major oil- and gas-producing states, Alaska, Kansas and North Dakota were each down one rig.

Oklahoma was up by two rigs and Louisiana was up by one rig.

The U.S. rig count peaked at 4,530 in 1981. The previous low of 488 set in 1999 was eclipsed March 11, and has continued to slide.

- Petroleum News and Associated Press






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