US rig count down 1, settles at 1,738 - November 03, 2013

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Vol. 18, No. 44

Week of November 03, 2013

US rig count down 1, settles at 1,738

Oilfield services company Baker Hughes Inc. says the number of rigs actively drilling for oil and natural gas in the U.S. dropped by one the week ending Oct. 25 to 1,738.

The Houston-based company said in its weekly report that 1,357 rigs were drilling for oil and 376 for gas. Five were listed as miscellaneous. A year ago there were 1,826 active rigs.

Of the major oil- and gas-producing states, California gained two rigs, while Alaska, Arkansas, Louisiana, Ohio and Pennsylvania each increased by one.

Meanwhile, Texas lost five rigs, and Oklahoma and West Virginia decreased by one rig each. Colorado, Kansas, New Mexico, North Dakota, Utah and Wyoming were unchanged.

The U.S. rig count peaked at 4,530 in 1981 and bottomed at 488 in 1999.

—Associated Press

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Copyright Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA)©1999-2019 All rights reserved. The content of this article and website may not be copied, replaced, distributed, published, displayed or transferred in any form or by any means except with the prior written permission of Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA). Copyright infringement is a violation of federal law.