US drilling rig count drops by 4 to 942
On Aug. 2 the number of rigs drilling for oil and natural gas in the U.S. was down four from the previous week to 942.
A year ago, the count was 1,044 active rigs.
Houston oilfield services company Baker Hughes reported that 770 rigs targeted oil (down six from the previous week) and 171 targeted natural gas (up two). One miscellaneous rig was active (unchanged).
The company said 67 of the U.S. holes were directional, 819 were horizontal and 56 were vertical.
Alaska was up three rigs from the previous week and Texas, with the most active rigs in the country at 455, was up one.
The rig count in most states was unchanged from the previous week, including California, Colorado, North Dakota, Ohio, Pennsylvania, Utah, West Virginia and Wyoming.
Louisiana was down one rig from the previous week, New Mexico was down two and Oklahoma was down five.
Baker Hughes shows Alaska with 12 rigs active, up from five a year ago.
The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May 2016 at 404.
- KRISTEN NELSON