COLORADO OPENS 6 RIGS; U.S. COUNT UP
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