Domestic Rig Count Down 3
Jun. 25, 1999
HOUSTON (AP) _ The number of rigs actively exploring for oil and natural gas in the United States has slipped by three to 563.
Of the rigs running nationwide this week, 110 were exploring for oil and 453 for gas, Houston-based Baker Hughes Inc. reported Friday. During the same week last year, 823 rigs were operating in the United States.
Baker Hughes has kept track of the count since 1944. The tally peaked at 4,530 on Dec. 28, 1981, during the height of the oil boom, but has set several record lows this year, bottoming out at 498 on April 9.
Of the major oil- and gas-producing states, Texas rose by six and New Mexico and Wyoming gained one rig each.
Oklahoma lost four rigs, Alaska and Louisiana lost one each and California's tally remained unchanged.