Eleven rigs active in Alaska

Petroleum News Alaska Staff

Baker Hughes reported May 10 that the U.S. rig count of 812 active rigs was up 36 from the previous week, and down 420 from a year ago. The Canadian rig count, at 87, was down one from the previous week and down 141 from a year ago.

Including 98 rigs in the Gulf of Mexico, 899 rigs were working in North America May 10, up 35 from the previous week but down 561 from a year ago.

Alaska had 11 rigs active May 10, the same as the previous week, and down one from a year ago. Ten of the Alaska rigs were working onshore and one offshore (Cook Inlet), the same as the previous week.

Baker Hughes has issued rotary rig counts since 1944. U.S. active rigs peaked at 4,530 in December 1981. The lowest U.S. rig count, 488, was in April 1999. Canadian rig activity peaked at 558 in January 2000. The lowest Canadian rig count was 29 in April 1992.