BY Staff and Wire reports
Saturday, December 01, 2012
12/01/12 at 3:14 AM
State drilling rig count holds steady this week
The number of drilling rigs actively exploring for oil or natural gas in Oklahoma held steady at 188 this week, Baker Hughes Inc. reported Friday.
The tally is down by 10 from a year ago, when it stood at 198.
Nationwide, the number of active drilling units fell by six this week to 1,811, according to Houston-based Baker Hughes' website.
A year ago, the U.S. rig count was 1,993.
Of the rigs operating across the country this week, 1,386, or 77 percent of the total, were drilling for oil, while 424 were exploring for gas. One rig was listed as miscellaneous. A year ago, 57 percent of active rigs were exploring for oil.
Friday on the New York Mercantile Exchange, benchmark crude oil rose 84 cents to finish the week at $88.91 per barrel.
Natural gas continued to tumble on forecasts for a warm beginning to December. It fell 2.4 percent to close at $3.56 per thousand cubic feet on the Nymex. Gas has dropped 5.5 percent since Tuesday.