News

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
ago.
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
unchanged.
The rig count peaked at 4.530 in 1981, the height of the oil
boom. A record low of 488 was in 1999.

»Comments

»Topics in this article

More News

Weather - Forecast
Story Photo

12 hours ago

Cooler Thursday

Windy early with blowing dust in some areas. Wind ending overnight tonight. An isolated thunderstorm possible early. Overnight low temperatures will drop...

Most Popular

Top Videos

1 2 3 4