US drilling rig count down 9 to 1,038
Petroleum News
The number of rigs drilling for oil and natural gas in the U.S. was down by nine the week ending March 1 to 1,038.
Last year at this time there were 981 active rigs.
Houston oilfield services company Baker Hughes reported that 843 rigs targeted oil (down 10 from the previous week) and 195 targeted natural gas (up one).
The company said 67 of the U.S. holes were directional, 911 were horizontal and 60 were vertical.
Among major oil and gas producing states, California was up by three rigs and Louisiana was up by one.
Colorado and Pennsylvania were unchanged.
New Mexico, North Dakota and Wyoming were each down by one rig.
Alaska and Oklahoma were each down by two rigs.
Texas, the most active state with 503 rigs, was down five from the previous week.
Baker Hughes shows Alaska with 11 active rigs, the same number as 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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