Domestic oil and gas Rigs Count Falls to 760 : LUSENET : Grassroots Information Coordination Center (GICC) : One Thread

Domestic Rig Count Falls to 760

HOUSTON (AP) -- The number of rigs actively exploring for oil and natural gas in the United States fell this week by 13 to 760.

Of the rigs running nationwide, 156 were exploring for oil and 604 were looking for gas, Houston-based Baker Hughes Inc. reported Friday. During the same week last year, 533 rigs were operating in the United States.

Baker Hughes has kept track of the count since 1944. The tally peaked at 4,530 on Dec. 28, 1981, during the height of the oil boom but set several record lows last year, bottoming out at 498 on April 9, 1999.

Of the major oil- and gas-producing states, Louisiana gained five rigs and Califonia gained three. Texas lost six, New Mexico five, Oklahoma three and Wyoming one.

Alaska's count remained unchanged.

-- Martin Thompson (, February 25, 2000

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