My recent post about the Oil and Gas Commission meeting about 2 months ago has continued to be one of my posts that has generated the most interest. This was recently reported by the Associated Press and I thought some of you might find it interesting. This article states that Colorado has gained 4 rigs. I wish I knew how many total were in Colorado, how many of those are on the western slope(I'm guessing most of them are), how many were natural gas, and how many were for oil.
U.S. oil and gas rig count down by 6
HOUSTON — The number of rigs actively exploring for oil and natural gas in the United States dropped by 6 this week to 1,951.
Of the rigs running nationwide, 1,550 were exploring for natural gas and 392 for oil, Houston-based Baker Hughes Inc. reported Friday. Nine were listed as miscellaneous.
A year ago, the rig count stood at 1,781.
Of the major oil- and gas-producing states, Colorado gained four rigs, Louisiana gained two, and North Dakota gained one. Texas lost six, New Mexico lost four, Alaska lost two and Arkansas and California each lost one. Oklahoma and Wyoming were unchanged.
Baker Hughes has tracked rig counts since 1944. The tally peaked at 4,530 in 1981, during the height of the oil boom. The industry posted several record lows in 1999, bottoming out at 488.
Published August 1, 2008 @ 1:40 pm by The Associated Press
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