US rig count down 7 this week to 1,761

US rig count down 7 this week to 1,761, down 98 from a year ago

Associated Press

HOUSTON (AP) -- Oilfield services company Baker Hughes Inc. says the number of rigs actively exploring for oil and natural gas in the U.S. decreased by seven this week to 1,761.

The Houston-based company said in its weekly report Friday that 1,369 rigs were exploring for oil and 386 for gas. Six were listed as miscellaneous. A year ago there were 1,859 active rigs.

Of the major oil- and gas-producing states, California gained four rigs, Colorado and North Dakota gained three, Kansas gained two and New Mexico, Ohio and West Virginia gained one.

Texas lost 14 rigs, Pennsylvania lost four, Oklahoma lost two and Arkansas lost one. Alaska, Louisiana, Utah and Wyoming were unchanged.

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

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