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Number of Rigs Exploring for US Oil and Gas Down by Two
Oct. 12, 2012 02:01PM PST
Oil and Gas InvestingCNBC reported that this week the number of rigs exploring for oil and gas in the United States fell to 1,835, a decrease of just two rigs.
CNBC reported that this week the number of rigs exploring for oil and gas in the United States fell to 1,835, a decrease of just two rigs.
As quoted in the market news:
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.
Click here to read the full CNBC report.