From staff reports The nation’s oil and gas producers cut their active rigs in the past week, falling to the lowest count since January reported Baker Hughes Co. on Friday. But activity remained steady in Oklahoma.
The count fell by six to 578 in the week to May 9 and puts the total count down 25 or 4% below this time last year. Despite the nationwide decline, Oklahoma’s count of 55 rigs was unchanged from the previous week.
Texas still led the U.S. with 273 rigs, a gain of two in the past week fell three to 30 rigs.
The Red Top Rig Report showed Kansas added three to reach 23 rigs. Colorado remained at eight rigs and Ohio stayed at nine. Pennsylvania was unchanged at 18 while Utah’s count grew by one to 12.West Virginia continued with eight and Wyoming’s count fell by two to 19 Alaska remained at 10 and California continued with eight rigs.
The U.S. count included a loss of five oil rigs, leaving 474 and the number of gas rigs was unchanged at 101 while the miscellaneous count fell by one to three. The nation’s count is 25 fewer from a year ago when the total was 603 rigs. The decline included 22 oil rigs, two gas rigs and one miscellaneous rig.