US rig count rises this week by 8, to 941


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 Information in the story may be outdated or superseded by additional information.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. rose by eight this week to 941.

A year ago, just 421 rigs were active.

Houston oilfield services company Baker Hughes said Friday that 758 rigs sought oil and 183 explored for natural gas this week.

Among major oil- and gas-producing states, Oklahoma added five rigs, North Dakota increased by three rigs, Louisiana gained two and California and Colorado were up one each.

Alaska declined by two while New Mexico and Utah declined by one apiece.

Arkansas, Kansas, Ohio, Pennsylvania, Texas, West Virginia and Wyoming were unchanged.

The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May of 2016 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 This material may not be published, broadcast, rewritten or redistributed.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