Business

Oct 11, 2013 6:12 PM by Juice Godfrey

US rig count down 13 this week, settles at 1,743

HOUSTON (AP) - Oilfield services company Baker Hughes Inc. says the number of rigs actively exploring for oil and natural gas in the U.S. decreased by 13 this week to 1,743.

The Houston-based company said in its weekly report Friday that 1,367 rigs were exploring for oil and 369 for gas. Seven were listed as miscellaneous. A year ago there were 1,835 active rigs.

Of the major oil- and gas-producing states, Oklahoma gained seven rigs, Alaska and Pennsylvania gained four, New Mexico gained two and Arkansas and Ohio gained one.

Texas lost eight rigs, Louisiana lost six, Kansas and West Virginia lost four, California lost two and North Dakota lost one. Colorado, Utah and Wyoming were unchanged.

The U.S. rig count peaked at 4,530 in 1981 and bottomed at 488 in 1999.

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