Newspaper article THE JOURNAL RECORD

State Rig Count Rises 2%; U.S. Talley Down 16th Straight Week

Newspaper article THE JOURNAL RECORD

State Rig Count Rises 2%; U.S. Talley Down 16th Straight Week

Article excerpt

HOUSTON - Active rigs drilling for oil and gas in Oklahoma increased 2 percent to 142 during the week ended April 25 while the nationwide count declined for the 16th consecutive week, according to the International Association of Drilling Contractors.

Working rigs in Oklahoma were up from 139 a week ago, the lowest the count has been this year. The state rig count had fallen for three consecutive weeks.

The latest count is down 47.6 percent from 271 during the same week last year.

Since the first week of January, the state count has fallen 48.5 percent from 276.

For the month of April, the average number of rigs working during a week dropped 46.7 percent to 146 from 274 averaged during the month in 1985.

Nationwide, the number of drilling rigs operating last week fell to 855, down 1.1 percent from 865 the previous week. The national count has dropped during every week in 1986. The national count isnow down 55.3 percent from 1,915 during the first week of January.

The nation's count is down 53. …

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