May 27, 2011 1:42 PM by Kate Richards

Exploring for oil increases

HOUSTON (AP) - The number of rigs actively exploring for oil and
natural gas in the U.S. rose by 17 to 1,847 this week from a week
Houston-based Baker Hughes Inc. reported Friday that 958 rigs
were exploring for oil and 881 for gas. Eight were listed as
miscellaneous. A year ago, the count was 1,535.
Of the major oil- and gas-producing states, Texas gained 16
rigs, New Mexico and Arkansas each rose by two and Oklahoma by one.
Louisiana lost the most rigs, dropping by four, while California,
Wyoming and North Dakota each lost one.
Alaska, Colorado, Pennsylvania and West Virginia remained
The rig count peaked at 4.530 in 1981, the height of the oil
boom. A record low of 488 was in 1999.


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