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Providing coverage of Alaska and northern Canada's oil and gas industry
January 2019

Vol. 24, No 3 Week of January 27, 2019

US drilling rig count drops 25 to 1,050

Petroleum News

The number of rigs drilling for oil and natural gas in the U.S. was down 25 the week ending Jan. 18 to 1,050.

At this time last year there were 936 active rigs.

Houston oilfield services company Baker Hughes reported that 852 rigs targeted oil (down 21 from the previous week) and 198 targeted natural gas (down four).

The company said 55 of the U.S. holes were directional, 929 were horizontal and 66 were vertical.

Among major oil and gas producing states, Alaska, New Mexico, North Dakota and Wyoming were each up by one rig.

Colorado and Pennsylvania were each down by one rig.

Louisiana was down two rigs and California was down three.

Oklahoma was down by 10 rigs and Texas was down 11.

Baker Hughes shows Alaska with 10 active rigs, up five 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






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