The Denver Post - - BUSINESS -

The num­ber of rigs ex­plor­ing for oil and nat­u­ral gas in the U.S. in­creased by 27 this week to 624. Six of those new rigs are in Colorado.

A year ago, 709 rigs were ac­tive. De­pressed en­ergy prices have cur­tailed ex­plo­ration, al­though the rig count has been ris­ing in re­cent weeks.

Hous­ton oil-field ser­vices com­pany Baker Hughes Inc. said Fri­day that 498 rigs sought oil and 125 ex­plored for nat­u­ral gas this week. One was listed as mis­cel­la­neous.

In ad­di­tion to Colorado’s six rigs, Texas gained 17, Wy­oming gained three, Penn­syl­va­nia in­creased by two and Ar­kan­sas, Kansas, New Mex­ico and North Dakota each gained one.

Alaska, Louisiana and Ok­la­homa each de­clined by one. Cal­i­for­nia, Ohio, Utah and West Vir­ginia were un­changed. The As­so­ci­ated Press

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.