US drilling rig count up by one to 984
The number of rigs drilling for oil and natural gas in the U.S. was up by one the week ending May 31 to 984.
A year ago, the count was 1,060 active rigs.
Houston oilfield services company Baker Hughes reported that 800 rigs targeted oil (up three from the previous week) and 184 targeted natural gas (down two).
The company said 70 of the U.S. holes were directional, 862 were horizontal and 52 were vertical.
The New Mexico rig count was up two from the previous week; Louisiana was up by one rig.
The rig counts for a number of states were unchanged from the previous week: Alaska, California, Colorado, North Dakota, Pennsylvania and Wyoming.
Ohio, Oklahoma, Texas and West Virginia were each down by one rig.
Texas, at 480, has the most active rigs in the country.
Baker Hughes shows Alaska with seven active rigs, compared to nine a year ago.
The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May 2016 at 404.
- Petroleum News