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US rigs drop by 73

By Upstream staff


The number of rigs actively exploring for oil and natural gas in the US, dropped by 73 this week to total 1399.

Of the rigs running nationwide, 1104 were exploring for natural gas and 283 for oil, Houston-based Baker Hughes reported.

A total of 12 were listed as miscellaneous. A year ago, the rig count stood at 1755.

Of the major oil- and gas-producing states, Texas lost 50 rigs, Wyoming lost five, North Dakota lost two, Oklahoma lost nine, Colorado lost 5, Arkansas did not change and California gained two.

Louisiana gained one rig while Alaska lost one and New Mexico lost four.

http://www.upstreamonline.com/live/article170418.ece