HOUSTON– The US offshore rig count has improved over the previous week to 27 active rigs, according to the Baker Hughes Weekly Rig Count of Jan. 8, 2016.
This number was a slight improvement over the report issued on Dec. 23, 2015,which said that there were 24 active rigs in US offshore areas.
Total rigs engaged in exploration and production in the US totaled 664 for the week ended Jan. 8, down by 34 from the previous week’s rig count. The current nationwide rig count is still less than half of the prior-year level of 1,750.
The natural gas rig count was down by 14 from the past week to 148. This compares to 329 active natural gas rigs a year ago.
The oil rig count fell by 20 from the previous week to 516. This number not only lies on the lower end of the five-year range but is also well below the previous year’s rig count of 1,421.