US drilling rig count up 10 to 491 - August 28, 2016

Providing coverage of Alaska and northern Canada's oil and gas industryAugust 2016

Vol 21, No. 35

Week of August 28, 2016

US drilling rig count up 10 to 491

The number of rigs drilling for oil and natural gas in the U.S. increased by 10 the week ending Aug. 19 to 491.

A year ago, 885 rigs were active. Depressed energy prices have sharply curtailed oil and gas exploration.

Houston oilfield services company Baker Hughes Inc. said 406 rigs were drilling for oil, up 10 from the previous week, and 83 were drilling for natural gas, unchanged. Two were listed as miscellaneous.

Among major oil- and gas-producing states, Texas gained eight rigs, Pennsylvania was up two and Louisiana, Oklahoma and West Virginia added one each.

North Dakota declined by two and New Mexico was down one.

Alaska, Arkansas, California, Colorado, Kansas, Ohio, Utah and Wyoming were unchanged.

The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May at 404.

- Associated Press

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