Ponca City, OK

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National rig count jumps by 13; Oklahoma gains 2 rigs

The Associated Press - August 11, 2018 9:35 am

HOUSTON (AP) – The number of rigs exploring for oil and natural gas in the U.S. has jumped by 13 this week to 1,057.
At this time a year ago there were 949 active rigs.
Houston oilfield services company Baker Hughes reported Friday that 869 rigs drilled for oil this week and 186 for gas. Two were listed as miscellaneous.
Among major oil- and gas-producing states, Louisiana gained six rigs, and New Mexico increased by five. Alaska and Oklahoma each gained two. California and Ohio added a rig apiece.
Texas, meanwhile, lost two rigs, while Arkansas, Kansas and Pennsylvania each decreased by one.
Colorado, North Dakota, Utah, West Virginia, and Wyoming were unchanged from last week.
The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May 2016 at 404.

 

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