The number of rigs actively exploring for oil and natural gas in the US, dropped by 34 this week to total 1589.
‘Of the rigs running nationwide, 1239 were exploring for natural gas and 341 for oil. A total of nine were listed as miscellaneous. A year ago, the rig count stood at 1744. Of the major oil- and gas-producing states, Texas lost 34 rigs, Wyoming lost six, North Dakota lost five, Oklahoma lost four, Colorado lost two and Arkansas and California each lost one. Louisiana gained six rigs while Alaska and New Mexico stayed the same.