March 2016, Vol. 243, No. 3

Web Exclusive

US Rig Count Drops 4 This Week to All-Time Low of 476

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. dropped 4 this week to 476, a record low and another sign of continuing price woes in the oil and gas industry. A year ago, 1,069 rigs were active. Houston-based oilfield services company Baker Hughes Inc. said Friday that 387 rigs sought oil and 89 explored for natural gas this week. Among major oil- and gas-producing states, New Mexico lost two rigs and Kansas, North Dakota, Ohio and Oklahoma each lost one. Texas gained two rigs. Alaska, Arkansas, California, Colorado, Louisiana, Pennsylvania, Utah, West Virginia and Wyoming were unchanged. The U.S. rig count peaked at 4,530 in 1981. It previously bottomed

Log in to view this article.

Not Yet A Subscriber? Here are Your Options.

1) Start a FREE TRIAL SUBSCRIPTION and gain access to all articles in the current issue of Pipeline & Gas Journal magazine.

2) Start your full access subscription to Pipeline & Gas Journal and gain UNLIMITED access to this article, the current issue, all past issues in the technical archive, access to all special reports, special focus supplements and more. Pricing start at $395/year.   

*Access will be granted the next business day.

 

Related Articles

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}