The number of rigs actively exploring for oil and natural gas in the U.S. dropped this week by 13 to 1,826.
Houston (AP) The number of rigs actively exploring for oil and natural gas in the U.S. dropped this week by 13 to 1,826.
Texas-based oilfield services company Baker Hughes Incorporated reported Friday that 1,408 rigs were exploring for oil and 416 were searching for gas. Two were listed as miscellaneous.
Of the major oil- and gas-producing states, Texas dropped seven rigs and New Mexico fell by 5. Alaska and Oklahoma lost three apiece, and West Virginia was down by two.
Louisiana (four) and North Dakota (one) were the only states to gain rigs.
The tallies for Arkansas, California, Colorado, Pennsylvania and Wyoming were unchanged.
West Texas intermediate crude closed the week at $86.28 a barrel.