Sunday, May 17, 2009

Natural Gas Rig Count Still Going Down

Colorado rig count up 2; US total falls by 10

Associated Press - May 15, 2009 2:44 PM ET

HOUSTON (AP) - The number of working oil and gas rigs in Colorado is up two from last week, according to a Houston company that keeps nationwide counts.

But Baker Hughes Inc. says the overall number of rigs actively exploring in the U.S. dropped by 10 to 918.

Officials say 728 of those are exploring for natural gas, and 181 are oil rigs.

Nine are listed as miscellaneous.

Among other major oil- and gas-producing states, Texas lost 13 rigs, Arkansas lost four, New Mexico and North Dakota each lost three and California lost one.

Louisiana added eight rigs, and Wyoming and Alaska each added one. Oklahoma was unchanged.

The rig count has dropped 50.7% from its total of 1,862 a year ago.

Baker Hughes has been tracking rig counts since 1944.

On the Net:

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