By October 12, 2015 Read More →

US rig count declines by 14 this week to settle at 795, Oklahoma loses 6 rigs

Sixth consecutive week of US rig count decline

US rig count

Baker Hughes reports the US rig count is down in most major oil producing states with the exception of Colorado which gained one rig.  Flickr photo courtesy CGP Grey

HOUSTON – Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. this week declined by 14 to 795.

It was the sixth consecutive week of declines.

Houston’s Baker Hughes said Friday that 605 rigs were seeking oil and 189 explored for natural gas. One was listed as miscellaneous. A year ago, with oil prices about double the prices now, 1,930 rigs were active.

Among major oil- and gas-producing states, Oklahoma lost six rigs, Texas declined by four and Kansas, Louisiana, North Dakota, Ohio and Pennsylvania each dropped by one.

Colorado gained one rig.

Alaska, Arkansas, California, New Mexico, Utah, West Virginia and Wyoming were unchanged.

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

The Canadian Press

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