By February 12, 2016 0 Comments Read More →

Rig count down in US and Canada

Rig count by Baker Hughes

rig count

Baker Hughes reports the rig count in both Canada and the United States took a significant drop last week. Suncor photo.

HOUSTON _ Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by 30 this week to 541.

The Houston company said Friday 439 rigs sought oil and 102 explored for natural gas amid depressed energy prices. A year ago, the Baker Hughes rig count reported 1,358 rigs were active.

Among major oil- and gas-producing states, Texas declined by 14 rigs, New Mexico and Oklahoma each dropped four and North Dakota was down three. Colorado, Pennsylvania and Wyoming lost two apiece and Kansas was off by one.

California and Louisiana gained one rig each.

Alaska, Arkansas, Ohio, Utah and West Virginia were all unchanged.

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

In Canada, with 118 oil rigs and 104 gas rigs, there were twenty less rigs exploring for oil and gas.

The Canadian Press

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