Baker Hughes rig count for the week ended May 1, 2015
The Baker Hughes (ticker: BHI) rig count for the week ended May 1, 2015, shows another decline in the number of rigs actively drilling for oil and gas in the U.S. The total number of active rigs fell 3% from last week to 905 rigs from 932 in the week ended April 24, 2015.
The number of rigs drilling for oil fell 3% to 679 from 703, while gas rigs fell 1% to 222 after increasing slightly in last week’s BHI rig count. The largest decrease in the total rig count came from Texas, which saw 13 rigs laid down in the last week, bringing its total to 380, down 512 rigs from this time last year.
The only states to record higher rig counts this week were North Dakota and Wyoming, which each added one rig to their overall rig counts. Rig counts in California, Colorado, Ohio, Utah and West Virginia remained unchanged.
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