US rigs drop by 26

The number of rigs actively exploring for oil and natural gas in the US dropped by 26 this week to1764.

Of the rigs running nationwide, 1366 were exploring for natural gas and 387 for oil, Houston-based Baker Hughes reported. A total of 11 were listed as miscellaneous. A year ago, the rig count stood at 1809, said an Associated Press report. Of the major oil- and gas-producing states, Wyoming lost 7 rigs, New Mexico lost 5, Texas lost four, Oklahoma lost three, North Dakota and Colorado lost two each and Alaska lost one. Louisiana and Arkansas added three each, and California was unchanged.

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