US rig count down 7 to 1,762

US rig count down 7 this week to 1,762, down from a year-ago count of 1,983

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. dropped by seven this week to 1,762.

The Houston-based company said Friday in its weekly report that 1,402 rigs were exploring for oil and another 354 for gas. Six were listed as miscellaneous. A year ago there were 1,983 active rigs.

Of the major oil- and gas-producing states, Texas gained three rigs and Louisiana, Pennsylvania and Wyoming were each up one.

Colorado and North Dakota each declined by five, Alaska fell by three and Oklahoma one.

Arkansas, California, New Mexico and West Virginia were unchanged.

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

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