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Providing coverage of Alaska and northern Canada's oil and gas industry
November 2018

Vol. 23, No.44 Week of November 04, 2018

National drilling rig count up 1 to 1,068

Petroleum News

The number of rigs drilling for oil and natural gas in the U.S. was up by one the week ending Oct. 26 to 1,068.

At this time last year there were 909 active rigs.

Houston oilfield services company Baker Hughes reported that 875 rigs targeted oil (up by two from the previous week) and 193 targeted natural gas (down one). One rig was listed as miscellaneous (up one).

Among major oil and gas producing states, Alaska and North Dakota were each up two rigs.

New Mexico was up one, while California, Oklahoma, Pennsylvania and Wyoming were unchanged.

Colorado was down one; Louisiana and Texas were each down three rigs.

Baker Hughes shows Alaska with five active rigs, up two 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





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