U.S. Rig Count Up

The number of rigs searching for oil and gas in the United States rose by five to 887 during the week ending December 28, 2001 according to oil services firm Baker Hughes. A year ago there were 1114. The number of rigs exploring for oil and gas in Canada was down 94 to 198 this week, compared to 322 last year.

In the Gulf of Mexico the count was up 11 at 119 this week compared to 145 this time last year. The number of rigs searching on land was 743, while the number of offshore rigs was at 125. There were 19 inland rigs. The total North American rig count dropped by 89 to 1,085, while last year it was 1,436.

The number of rigs searching for oil fell by three to 137, while the number of rigs searching for gas rose by seven to 748. There were two miscellaneous rigs, up one from last week. Directional rigs were up seven at 232, horizontal rigs rose two at 72, while rigs exploring vertically were down four to 583. The states with the largest variances in rig count were Louisiana, up 15 to 177, and Texas, down three to 381.

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