US rig count increases by 10 this week to 1,764 - WTRF 7 News Sports Weather - Wheeling Steubenville

US rig count increases by 10 this week to 1,764

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  • Many WV coal counties losing revenue

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    Monday, August 8 2016 10:15 AM EDT2016-08-08 14:15:05 GMT

    As Appalachian coal production continues its drastic decline, West Virginia’s coal-producing counties are  not only losing people as lifelong residents are forced to flee their homes in order to find work, but in many cases, they’re also relinquishing millions of dollars from their budgets.

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HOUSTON (AP) — Oilfield services company Baker Hughes Inc. says the number of rigs actively exploring for oil and natural gas in the U.S. rose by 10 this week to 1,764.

The Houston-based company said in its weekly report on Friday that 1,403 rigs were exploring for oil and 354 for gas. Seven were listed as miscellaneous. A year ago there were 1,965 rigs.

Of the major oil- and gas-producing states, Alaska and Oklahoma each gained five rigs, while North Dakota, Pennsylvania and Wyoming increased by one. Texas lost three rigs, and Louisiana and New Mexico each decreased by one. Arkansas, California, Colorado and West Virginia remained unchanged.

The rig count peaked at 4,530 in 1981 and bottomed at 488 in 1999.

 

Copyright 2013 The Associated Press.

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