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October 14, 2012

U.S. drops 2 rigs; Oklahoma gains 1

HOUSTON (AP) — While the number of rigs actively exploring for oil and natural gas in the U.S. dropped this week, Oklahoma gained a working rig.

Nationwide, the oil and gas industry dropped two rigs to 1,835.

Texas-based oilfield services company Baker Hughes Inc. reported Friday that 1,411 rigs were exploring for oil and 422 were searching for gas. Two were listed as miscellaneous. A year ago, Baker Hughes listed 2,023 rigs.

Of the major oil- and gas-producing states, Texas gained four rigs while Alaska, New Mexico and Oklahoma gained one apiece.

Louisiana lost four rigs, and California dropped by three. Arkansas, Colorado, North Dakota and Wyoming lost one rig apiece.

Pennsylvania and West Virginia were unchanged.

The rig count peaked at 4,530 in 1981 and bottomed at 488 in 1999.

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