The number of rigs drilling for oil and natural gas in the U.S. fell this week as energy companies pared back drilling activity. The number of oil and gas rigs fell to 999 from 10 from the previous week, according to data from oil-field services company Baker Hughes Inc. (BHI).

The number of gas rigs was 699, a decline of two rigs from last week,
while the oil rig count was 288, a decline of seven rigs. The number of
miscellaneous rigs fell by one, to 12 rigs.

The number of gas rigs in use peaked at 1,606 in September 2008.
Producers have scaled back natural gas drilling over the past several
months amid falling prices, but the gas rig count has begun to
stabilize in recent weeks as producers bet on a rebound in prices.
Natural gas prices have fallen more than 75% from their highs last
summer above $13 a million British thermal units.

Natural gas supplies remain strong, but analysts expect the sharp
decline in drilling activity over the last year will eventually bring
supply back in line with demand, bolstering gas prices.

Natural gas for October delivery on the New York Mercantile Exchange
was recently down 11 cents, or 3.38%, at $3.146 a million British
thermal units.

Source: Dow Jones

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• Baker Hughes: U.S. Oil, Gas Rig Count Up 14 to 999 this week

    The number of rigs drilling for oil and natural gas in the U.S. rose this week as producers increased drilling activity on hopes of an economic recovery that will spur energy demand. The number of oil and gas rigs climbed to 999, up 14 from the previous week, according to data

• Baker Hughes: U.S. Oil, Gas Rig Count Up 7 To 1017 This Week

    The number of rigs drilling for oil and natural gas in the U.S. rose this week as producers restarted some rigs in anticipation of higher prices. The number of oil and gas rigs rose to 1,017, up seven rigs from the previous week, according to data from oil-field services company Baker Hughes Inc. (BHI).

• Baker Hughes: U.S. Oil, Gas Rig Count Up 17 to 985 this week

    The number of rigs drilling for oil and natural gas in the U.S. rose this week as producers increased drilling activity on hopes of an economic recovery that will spur energy demand. The number of oil and gas rigs climbed to 985, up 17 from the previous week, according to

• U.S. rig count to 32, win all the land

    US drilling activity jumped by 32 rotary rigs to 1,193 units working this week, compared with 1,764 during the same period in 2008, Baker Hughes Inc. reported. Land drilling accounted for all of the gain, up 38 rigs to 1,146 in operation

• Baker Hughes: Sep U.S. oil and gas rig count August 1009 Vs g 980

    The number of U.S. oil and natural-gas drilling rigs in operation rose sequentially last month, Baker Hughes Inc. (BHI) reported Wednesday, though they remained well below last year’s levels as low energy prices and abundant supplies continue to curb drilling demand. The oil-field services provider said the U.S. rig count rose

• U.S. oil rigs at 11

    The number of oil and gas rigs drilling in the US is up by 11 this week to total 1010. The number of rigs drilling for oil is up by five to 293 and those drilling for gas gained six to total 705, according to a report by Houston-based oilfield

• U.S. natural gas rig count falls, the first time in 4 weeks

    The number of rigs drilling for natural gas in the United States fell by six this week to 728, according to a report on Friday by oil services firm Baker Hughes in Houston. It was only the third time in the last 17 weeks that the U.S

• U.S. oil rigs by 15

    The number of rigs drilling for oil gained seven this week to 416 and those drilling for gas lost 22 bringing the total to 751, according to a report by Houston-based oilfield services company Baker Hughes. On a state-by-state basis, Louisiana, North Dakota and Oklahoma gained two rigs each bringing

• Number of active platforms by 24

    The number of rigs actively exploring for oil and natural gas in the U.S. this week has risen by 24 this week to 1,137.

• Asian August Rig Use case 9% to recession, says Baker Hughes

    The number of rigs used by oil and gas explorers in Asia fell 9 percent in August as the global recession sapped demand for energy and reduced credit, according to data from Baker Hughes Inc. The Asia-Pacific region used 233 rigs on land and water in August compared with 257 a

• U.S. rig count increased by 23

    The number of rigs actively exploring for oil and natural gas in the U.S.

• Number of active U.S. rigs to 28

    The number of rigs actively exploring for oil and natural gas in the U.S. rose by 28 this week to 1,248. Houston-based Baker Hughes Inc.

• U.S. Oil rig count climbs to highest level since 1991

    The U.S. total rig count gained for the third straight week, rising by 11 to 1,407, with the number of oil rigs reaching an 18-year high, according to Baker Hughes Inc. The number of oil rigs rose by 10 to 466, the highest total since December 1991, as crude futures

• U.S. Oil rig count climbs to highest level since 1991

    The U.S.

• U.S. Rig Count advances to 968, Baker Hughes Says

    Oil and natural gas rigs operating in the U.S. rose by two to 968, in the fifth consecutive weekly increase, according to data published by Baker Hughes Inc. Natural gas rigs increased by seven, or 1 percent, to 688, Baker Hughes said today on its Web site. It was the fourth