US drilling rig count up 3 prior to 4th

Baker Hughes said the U.S. oil and gas drilling rig count was 862 July 2, up three from the previous week’s count of 859. For the same week in 2014 the count stood at 1,874.

Of the 862 active rigs, 640 were drilling for oil and 219 for gas, with three listed as miscellaneous.

In the major oil and gas producing states, North Dakota and Texas were up two rigs. New Mexico and Oklahoma were each up one rig.

Colorado and Kansas were each down one rig. Louisiana was down two rigs.

Alaska, California, Pennsylvania and Wyoming were unchanged.

The U.S. drilling rig count peaked at 4,530 in 1981 and bottomed out at 488 in 1999.

- Petroleum News