Home / Energy / Texas adds 7 rigs; Dec. 2 rig count totals 597
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Texas adds 7 rigs; Dec. 2 rig count totals 597

U.S. oil producers, especially in shale plays across the region, are likely crossing their fingers that OPEC’s commitment to cutting production will help oil prices to inch higher—and stay there. In the meantime, rig counts have inched up slightly. As reported by Baker Hughes, the number of rigs exploring for oil and natural gas went up a total of four this week for a total of 597 rigs nationwide, with 477 rigs exploring for oil and 119 for natural gas. There was one miscellaneous rig.

Last year at this time, there were 737 active rigs. Just last May, the rig count was at the lowest it’s ever been at 404.

Rig count changes by region:

  • Texas: +7
  • Wyoming: +4
  • Oklahoma: +2
  • Louisiana: -4
  • Colorado: -2
  • North Dakota: -2
  • Utah: -1

 

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