Weekly US oil, gas rig count down 11 - February 12, 2012

Providing coverage of Alaska and northern Canada's oil and gas industryFebruary 2012

Vol. 17, No. 7

Week of February 12, 2012

Weekly US oil, gas rig count down 11

The number of rigs actively exploring for oil and natural gas in the U.S. is down 11 the week ending Feb. 3 to 1,997.

The Houston-based oilfield services company Baker Hughes Inc. reported that 1,245 rigs were exploring for oil and 745 for natural gas. Seven were listed as miscellaneous. A year ago this week Baker Hughes reported 1,739 active rigs.

Of the major oil- and gas-producing states, Oklahoma gained two rigs and Colorado, North Dakota and Wyoming picked up one each. California and New Mexico lost one each, Texas and Alaska lost three each, and Louisiana lost seven. The rig counts in Arkansas, Pennsylvania and West Virginia remained unchanged.

The rig count peaked at 4,530 in 1981 and bottomed at 488 in 1999.

—Associated Press

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