U.S. rig count increases by 10

2010-07-09T20:26:00Z U.S. rig count increases by 10Gazette news services The Billings Gazette
July 09, 2010 8:26 pm  • 

HOUSTON — The number of rigs actively exploring for oil and natural gas in the U.S. increased by 10 this week to 1,567.

Houston-based Baker Hughes Inc. said Friday that 964 rigs were exploring for natural gas and 592 for oil. Eleven were listed as miscellaneous. A year ago this week, the rig count stood at 916.

Of the major oil- and gas-producing states, Pennsylvania gained five, Colorado gained four and North Dakota gained two. Alaska, Arkansas and West Virginia each gained one. Louisiana and Texas each lost two and Oklahoma and Wyoming each lost one. California and New Mexico remain unchanged.

The rig count tally peaked at 4,530 in 1981, during the height of the oil boom. The industry posted a record low of 488 in 1999.

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