National drilling rig count down 3 at 1,076

Petroleum News

The number of rigs drilling for oil and natural gas in the U.S. was down up by three Nov. 30 to 1,076.

At this time last year there were 929 active rigs.

Houston oilfield services company Baker Hughes reported that 887 rigs targeted oil (up two from the previous week) and 189 targeted natural gas (down five).

The company said 68 of the U.S. holes were directional, 934 were horizontal and 74 were vertical.

Among major oil and gas producing states, Wyoming was up by two rigs; Alaska and Oklahoma were each up by one.

California, New Mexico, North Dakota and Pennsylvania were unchanged.

Colorado and Texas were each down by one rig; Louisiana was down by four rigs.

Baker Hughes shows Alaska with six active rigs, up one from a year ago.

The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May 2016 at 404.

- Petroleum News