© 2024 Public Radio Tulsa
800 South Tucker Drive
Tulsa, OK 74104
(918) 631-2577

A listener-supported service of The University of Tulsa
classical 88.7 | public radio 89.5
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Price Drop Slowing Exploration

pixabay.com

HOUSTON (AP) — Oilfield services company Baker Hughes Incorporated says the number of rigs exploring for oil and natural gas in the U.S. fell by 27 this week to 1,893.

The Houston firm said Friday in its weekly report 1,546 rigs were exploring for oil and 346 for gas. One was listed as miscellaneous. A year ago there were 1,782 active rigs.

Of the major oil- and gas-producing states, California, Kansas, Ohio and West Virginia each gained two rigs and New Mexico gained one.

Texas lost 24 rigs, Arkansas lost three, Colorado lost two and Alaska, Louisiana, North Dakota, Pennsylvania and Wyoming each lost one.

The rig counts in Oklahoma and Utah were unchanged.