By March 9, 2015 Read More →

American rig count falls to 1,192, down 75

American rig count peaked at 4,530 in 1981, bottomed at 488 in 1999

Baker Hughes Inc. says the American rig count Рdrilling rigs exploring for oil and natural gas in the U.S. Рfell by 75 this week to 1,192 amid depressed oil prices.

Oilfield services company Baker Hughes said Friday 922 rigs were seeking oil and 268 were exploring for natural gas, with two listed as miscellaneous. The count is down from a year ago, when 1,792 rigs were active.

Among major oil- and gas-producing states, Texas lost 32 rigs; New Mexico, Oklahoma and Pennsylvania lost seven each; Colorado lost five; North Dakota lost three; Kansas, Louisiana and Utah lost two; and California, Ohio and Wyoming each lost one. Alaska and Arkansas were unchanged, while West Virginia gained one rig.

American rig count

The Baker Hughes Rotary Rig Counts are counts of the number of drilling rigs actively exploring for or developing oil or natural gas in the United States, Canada and international markets.

Baker Hughes has issued the rotary rig counts as a service to the petroleum industry since 1944, when Hughes Tool Company began weekly counts of US and Canadian drilling activity. Baker Hughes initiated the monthly international rig count in 1975.

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