Rig Count

Rig Count – August 19, 2016

This week’s rig count reached 491 with 406 rigs drilling for oil, 83 for natural gas and 2 were listed as miscellaneous. That’s the highest level since February 19, 2016. Among major oil- and gas-producing states, Texas gained eight rigs, Pennsylvania was up two and Louisiana, Oklahoma and West Virginia added one each. WTI futures rose 30 cents to $48.52 a barrel with Brent oil futures trading down 17 cents at $50.72 per barrel.

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