U.S. Oil & Natural Gas Rig Count Up by 10
September 19, 2016
Baker Hughes Inc. an oilfield services company reports the number of rigs exploring for oil and natural gas in the U.S. during the month of August was up by 10 to 491. One year ago with oil prices depressed there were only 885 rigs that were active. The U.S. rig count peaked in 1981 at 4,530 and bottomed at 404 in May of 2016.
Source: Paul Thares, South Dakota State University