National rig count down 2 to 1053

Petroleum News

The number of rigs drilling for oil and natural gas in the U.S. was down by two the week ending Sept. 21 to 1,053.

At this time a year ago there were 935 active rigs.

Houston oilfield services company Baker Hughes reported that 866 rigs targeted oil (down one from the previous week) and 186 targeted gas (no change). One was listed as miscellaneous (down one).

Among major oil- and gas-producing states, Texas gained six rigs.

Oklahoma was down three, Alaska was down two and North Dakota was down one.

California, Colorado, Louisiana, New Mexico and Wyoming were unchanged.

The Baker Hughes rotary rig count shows five rigs active in Alaska, unchanged 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