US rig count up 12 this week, settling at 1,754; Texas gains 13

HOUSTON – Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. rose by 12 this week to 1,754.

The Houston-based company said in its weekly report Friday that 1,383 rigs were exploring for oil and 365 for gas. Six were listed as miscellaneous. A year ago there were 1,806 rigs.

Of the major oil- and gas-producing states, Texas gained 13 rigs, New Mexico increased by six and Louisiana added one.

Oklahoma lost four rigs and Alaska declined by one. Arkansas, California, Colorado, Kansas, North Dakota, Ohio, Pennsylvania, Utah, West Virginia and Wyoming remained unchanged.

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