16-Nov-09 6:00 AM  CST  

U.S.Rig count hits all time for the year 

The number of rigs actively exploring for oil and natural gas in the U.S. this week has risen by 23, or 2.1 percent, to 1,101, according to data kept by Houston-based Baker Hughes.

A total of 728 rigs were exploring for natural gas (down six) and 361 for oil (up 29), and 12 are listed as "miscellaneous." A year ago this week, the rig count stood at 1,941.

The international rig count is down 3, to 983.

The rig count peaked at 4,530 in 1981, during the height of the oil boom. The industry posted a record low of 488 in 1999.

Baker Hughes has a really cool interactive map of rig data that shows you detailed locations of rigs that can be sorted based on the type of well being drilled, depth and many other metics.

Posted by Tom Fowler

 

For additional information on this Industry news article, please contact:

Karl Lassberg
(713) 783-3363

Source: Houston Chronicle
http://www.crhon.com

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