Newspaper article THE JOURNAL RECORD

Oklahoma, Texas Increases Push Nation's Count Higher

Newspaper article THE JOURNAL RECORD

Oklahoma, Texas Increases Push Nation's Count Higher

Article excerpt

Increased rig activity in Oklahoma and Texas offset declines from other major producing states to raise the nation's count for the week ended Friday to 889.

The U.S. count was four higher than the previous week and up 17 percent from the same week in 1996, according to Baker Hughes Inc. of Houston.

Oklahoma's active rig count for the week ended Friday rebounded with an eight-rig gain to 108, while Texas' count rose 11 to 350. The Sooner State rig count was 16 less than the same week in 1996, according to Baker Hughes, which has kept track of the count since 1940. In April, the U.S. count averaged 901 -- 21.5 percent above the average for the same month a year ago. The state's count averaged 109 in April 1997, up from 111. The rig count is the number of rigs actively exploring for -- not producing -- oil and natural gas. Active U.S. offshore rigs increased one to 126 for the week ended Friday. The count was up 12 rigs from the same week in 1996. …

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