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June 2016

Vol 21, No. 25 Week of June 19, 2016

US rig count rises 6, 2nd week of gains

The number of rigs drilling for oil and natural gas in the U.S. rose by six the week ending June 10 to 414, the second consecutive week the count has increased after a slide that lasted months and pushed the count to record-low levels amid collapsed energy prices. A year ago, 859 rigs were active.

Houston oilfield services company Baker Hughes Inc. said 328 rigs were drilling for oil and 85 for natural gas. One was listed as miscellaneous.

Among major oil- and gas-producing states, North Dakota and Texas each gained two rigs and Alaska, Ohio, Oklahoma and Utah each gained one.

Pennsylvania declined by one rig.

Arkansas, California, Colorado, Kansas, Louisiana, New Mexico, West Virginia and Wyoming were unchanged.

The U.S. rig count peaked at 4,530 in 1981.

- Associated Press






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