Saturday, May 30, 2009

Natural Gas Rigs Down in the USA in May 2009

The number of rigs actively exploring for oil and natural gas in the United States fell by one this week to 899, as declines in gas rigs outstripped increases in oil rigs, The Associated Press reported Friday based on data from Houston-based oilfield services firm Baker Hughes Inc.

Rigs drilling for natural gas fell by eight, to 703, the lowest since late 2002. Oil rigs rose by seven, to 187, the first increase in six weeks, but less than half the 442 active oil rigs on Nov. 7. Drilling activity has plummeted along with the collapse of energy prices from record highs last summer. The total U.S. rig count hit a 22-year high in late summer, peaking at 2,031, more than twice the current 899.

The number of rigs drilling for oil and natural gas in Texas fell by one this week, to 330. As of Friday, there were 72 rigs drilling for natural gas in the Barnett Shale in North Texas, down five rigs from a week earlier, according to RigData. There were 27 rigs operating in Tarrant County, 15 in Johnson County and 11 in Wise County. — Jack Z. Smith

1 comment:

madmilker said...

i'm waiting for mine.....