Number of oil, natural gas rigs drops
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HOUSTON – Oilfield services company Baker Hughes Inc. said the number of rigs exploring for oil and natural gas in the United States declined by 10 this week to 875.
The Houston-based firm said Friday 646 rigs were seeking oil and 225 explored for natural gas. Four were listed as miscellaneous.
A year ago, with oil prices nearly double the current levels, 1,866 rigs were active.
Among major oil- and gas-producing states, Texas lost four rigs, California declined by three, and Pennsylvania, Arkansas and Louisiana each dropped two. North Dakota was down one.
Colorado and Oklahoma gained two rigs each. Alaska and New Mexico were up one each.
West Virginia, Ohio, Kansas, Utah and Wyoming were unchanged.
The U.S. rig count peaked at 4,530 in 1981 and bottomed at 488 in 1999.