The US oil rig count rose by 11 to 758, according to oilfield-services company Baker Hughes. The oil-rig count has risen for 23 straight weeks.
The gas rig count fell by three to 183, and miscellaneous rigs were unchanged at zero, making the total rig count 941.
Among major oil- and gas-producing states, Oklahoma added five rigs, North Dakota increased by three, Louisiana added two and California and Colorado were up one each. Alaska declined by two rigs while New Mexico and Utah dropped one apiece.
The rest were unchanged. The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May of 2016 at 404.
Compiled and Published by GIB KNIGHT
Gib Knight is a private oil and gas investor and consultant, providing clients advanced analytics and building innovative visual business intelligence solutions to visualize the results, across a broad spectrum of regulatory filings and production data in Oklahoma and Texas. He is the founder of OklahomaMinerals.com, an online resource designed for mineral owners in Oklahoma.
