US drilling rig count down 5 to 958
Kristen Nelson Petroleum News
On July 12 the number of rigs drilling for oil and natural gas in the U.S. was down five from the previous week to 958.
A year ago, the count was 1,054 active rigs.
Houston oilfield services company Baker Hughes reported that 784 rigs targeted oil (down four from the previous week) and 172 targeted natural gas (down two). Two miscellaneous rigs were active (up one).
The company said 70 of the U.S. holes were directional, 831 were horizontal and 57 were vertical.
Colorado was up two rigs from the previous week; Louisiana and Oklahoma were each up one.
In New Mexico, North Dakota, Ohio, Pennsylvania, Utah, West Virginia and Wyoming the rig counts were unchanged from the previous week.
Alaska and California were each down one rig.
Texas, with the most active rigs in the country, 456, was down seven rigs from the previous week.
Baker Hughes shows Alaska with eight rigs active, up two from a year ago.
The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May 2016 at 404.
- KRISTEN NELSON
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