US rig count up 9 this week to 440


Save Story
Leer en español

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by nine this week to 440.

A year ago, 863 rigs were active. Depressed energy prices have sharply curtailed oil and gas exploration.

Houston oilfield services company Baker Hughes Inc. said Friday that 351 rigs sought oil and 88 explored for natural gas this week. One was listed as miscellaneous.

Among major oil- and gas-producing states, Texas gained three rigs, New Mexico and North Dakota each gained two and Louisiana, Oklahoma and Wyoming each gained one.

Kansas declined by one rig.

Alaska, Arkansas, California, Colorado, Ohio, Pennsylvania, Utah and West Virginia were unchanged.

The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May at 404.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most recent Business stories

Related topics

Business
The Associated Press

    STAY IN THE KNOW

    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the KSL.com Trending 5.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast