The total active U.S. rig count, which includes oil and natural-gas rigs, rose by 1 to 944, according to Baker Hughes.
Baker Hughes rig count is now up 436 rigs since this time in 2016, with oil rigs up 342, natural gas rigs up 95 and miscellaneous rigs down one.
U.S. crude settled down $1.61, or 3.3 percent, at $47.48 a barrel. Brent crude was down 71 cents, or 1.3 percent, to $53.78 a barrel after reaching its highest level since April at $54.87.
*U.S. TOTAL RIG COUNT UP 1 AT 944
*U.S. OIL RIG COUNT DOWN 3 AT 756
*U.S. GAS RIG COUNT UP 4 TO 187
Among major oil- and gas-producing states, New Mexico added three rigs. North Dakota, Pennsylvania and West Virginia each gained one.
Alaska lost two rigs. Arkansas, Colorado and Louisiana were down one rig each. California, Ohio, Oklahoma, Texas, Utah and Wyoming were all unchanged.
The 5 most active counties in Oklahoma with rigs running, are Blaine (24), Kingfisher (17), Grady (16), Dewey (14) and Canadian (11).
The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May of 2016 at 404.
Compiled and Published by GIB KNIGHT
Gib Knight is a private oil and gas investor and consultant, providing clients advanced analytics and building innovative visual business intelligence solutions to visualize the results, across a broad spectrum of regulatory filings and production data in Oklahoma and Texas. He is the founder of OklahomaMinerals.com, an online resource designed for mineral owners in Oklahoma.
