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US drops 5 to 1,859 rigs exploring for oil, gas

The Associated Press -- HOUSTON -- The number of rigs actively exploring for oil and natural gas in the U.S. dropped this week by five to 1,859.

Texas-based oilfield services company Baker Hughes Inc. reported Friday that 1,402 rigs were exploring for oil and 454 were searching for gas. Three were listed as miscellaneous. A year ago, Baker Hughes listed 1,991 rigs.

Of the major oil- and gas-producing states, California lost five rigs and Louisiana dropped three. Colorado declined by two and Arkansas, Oklahoma and Texas each lost one.

Pennsylvania added four rigs, while Alaska and West Virginia each gained one. New Mexico, North Dakota and Wyoming were unchanged.

The rig count peaked at 4,530 in 1981 and bottomed at 488 in 1999.

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Submitted Sep 22, 2012 By: Mudsprings

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ExplorerWA Champion Author Washington Posts:4,078 Points:796,400 Joined:Feb 2011	Message Posted: Sep 22, 2012 10:26:42 PM Ignore ExplorerWA Report Abuse Were dropping or at the very least standing still when our economy is dying.
Gramps001 Champion Author North Carolina Posts:5,857 Points:1,365,390 Joined:Feb 2007	Message Posted: Sep 22, 2012 3:24:39 PM Ignore Gramps001 Report Abuse NINJA MATH
bojiway1 Champion Author Minnesota Posts:2,044 Points:478,060 Joined:Dec 2011	Message Posted: Sep 22, 2012 3:22:29 PM Ignore bojiway1 Report Abuse Should be increaseing
Stevedog Champion Author Michigan Posts:3,853 Points:1,945,895 Joined:Jul 2006	Message Posted: Sep 22, 2012 2:39:19 PM Ignore Stevedog Report Abuse Seems like a pretty insignificant change
AuburnTim Champion Author Indiana Posts:6,828 Points:1,559,190 Joined:May 2005	Message Posted: Sep 22, 2012 2:33:24 PM Ignore AuburnTim Report Abuse Manipulation to keep prices higher than they should be
abacus44 Champion Author Toms River Posts:3,475 Points:747,515 Joined:Jan 2011	Message Posted: Sep 22, 2012 2:32:49 PM Ignore abacus44 Report Abuse OK
pliskin Champion Author Syracuse Posts:6,082 Points:1,731,920 Joined:Apr 2005	Message Posted: Sep 22, 2012 2:28:58 PM Ignore pliskin Report Abuse Another excuse to raise prices.
sedonaJ All-Star Author Arizona Posts:616 Points:197,670 Joined:Mar 2012	Message Posted: Sep 22, 2012 2:25:09 PM Ignore sedonaJ Report Abuse SSDD,Why would they do that,its ani-profit and BS #s
ddkk All-Star Author Illinois Posts:532 Points:1,287,930 Joined:Mar 2005	Message Posted: Sep 22, 2012 2:24:46 PM Ignore ddkk Report Abuse Lets see. --> 5 out of about 2000 is about 00.24%. => Not important.
nsdp Champion Author San Antonio Posts:1,117 Points:47,315 Joined:Jun 2012	Message Posted: Sep 22, 2012 2:23:21 PM Ignore nsdp Report Abuse NoGas714 said: They probably couldn't get the permits to drill. No the Wells hit TD(total depth for the under educated) and are tripping out of the hole which can take several days or moving from one drilling from one location to another 10 days- 3 weeks. Permits aren't a holdup. I still have my API and Amoco training manuals so your "real rookies(includes "Championship authors") can learn what you are talking about; along with the required geology and anatomy text books for those who don't want to look like a total fool.
Fish167 Champion Author North Carolina Posts:3,984 Points:2,478,790 Joined:Aug 2005	Message Posted: Sep 22, 2012 2:23:01 PM Ignore Fish167 Report Abuse ok
thirty8paces Champion Author Baltimore Posts:4,521 Points:1,106,655 Joined:Sep 2008	Message Posted: Sep 22, 2012 2:22:47 PM Ignore thirty8paces Report Abuse Probably doesn't truly mean much, but speculators will use this to spike prices.
braves89 Champion Author Chicago Posts:7,648 Points:1,630,485 Joined:Apr 2008	Message Posted: Sep 22, 2012 2:20:38 PM Ignore braves89 Report Abuse no matter how much they find big oil will continue to earn billions!
Endoman5000 Veteran Author Michigan Posts:461 Points:349,495 Joined:Jan 2012	Message Posted: Sep 22, 2012 2:20:29 PM Ignore Endoman5000 Report Abuse and......
Rancher23 Champion Author Cincinnati Posts:3,193 Points:659,345 Joined:May 2011	Message Posted: Sep 22, 2012 2:19:44 PM Ignore Rancher23 Report Abuse It should be going up not down. I'm sure this goes back to Washington and Obama, another nice job!! Who in their right mind would want 4 more years of this crap!!!
methaneman Champion Author Minnesota Posts:2,610 Points:1,284,450 Joined:May 2002	Message Posted: Sep 22, 2012 2:19:17 PM Ignore methaneman Report Abuse It is a shell game! Can you guess where the 5 rigs went. And at the same time production is higher?
BBHybrid Champion Author Pittsburgh Posts:6,469 Points:1,295,025 Joined:Aug 2008	Message Posted: Sep 22, 2012 2:18:22 PM Ignore BBHybrid Report Abuse only if it will make prices soar , then it will happen
mswillia Champion Author Milwaukee Posts:2,632 Points:572,130 Joined:Feb 2010	Message Posted: Sep 22, 2012 2:17:07 PM Ignore mswillia Report Abuse don't they explore until they find?
DABEE1073 Champion Author San Diego Posts:8,200 Points:1,572,110 Joined:Jun 2008	Message Posted: Sep 22, 2012 2:16:21 PM Ignore DABEE1073 Report Abuse THAT IS NOT A LOT OF WORKING DRILLING RIGS. SHOULD BE AT LEAST DOUBLE THAT NUMBER.
jb107 Champion Author New Jersey Posts:9,549 Points:2,621,025 Joined:Sep 2005	Message Posted: Sep 22, 2012 2:15:33 PM Ignore jb107 Report Abuse The important thing isn't how many are exploring it is how many are finding it.
ESCORT6768 Champion Author Iowa Posts:1,067 Points:610,065 Joined:Sep 2005	Message Posted: Sep 22, 2012 2:14:55 PM Ignore ESCORT6768 Report Abuse The number should be increasing, not declining!
caddilac Champion Author Ontario Posts:16,600 Points:2,139,480 Joined:Apr 2007	Message Posted: Sep 22, 2012 2:13:58 PM Ignore caddilac Report Abuse The full article doesn't say the reason for the drop in oil rigs. That just opens the door for those that want to blame Obama for the decline, since no reason was given they can make up any reason they want and foist it as a fact. As witnessed below where a poster is already trying to convince others that Obama is at fault. And the scary thing is that there are those unthinking masses that will believe that Bull crap. [Edited by: caddilac at 9/22/2012 2:17:00 PM EST]
DeHavilland Champion Author Toronto Posts:5,870 Points:1,903,265 Joined:Jun 2007	Message Posted: Sep 22, 2012 2:13:06 PM Ignore DeHavilland Report Abuse The rest are probably down for 'maintenance', just like the refineries that they shut down to keep the price up, no no, I mean, to do repairs on of course!
NoGas714 All-Star Author Indiana Posts:740 Points:750,400 Joined:May 2005	Message Posted: Sep 22, 2012 2:12:56 PM Ignore NoGas714 Report Abuse They probably couldn't get the permits to drill.
nsdp Champion Author San Antonio Posts:1,117 Points:47,315 Joined:Jun 2012	Message Posted: Sep 22, 2012 2:10:38 PM Ignore nsdp Report Abuse Since Ronnie Reagan brought this chaos(Wall Street) to the oil patch I am not sure we could stand another dose of that, Gas4Gore. I worked my first summer in an oil field in 1967 and worked full time for Amoco, Tenneco and Valero so I know my ass from a hole in the ground. [Edited by: nsdp at 9/22/2012 2:11:43 PM EST]
wegman Champion Author Twin Cities Posts:7,808 Points:2,088,570 Joined:Jun 2001	Message Posted: Sep 22, 2012 2:10:26 PM Ignore wegman Report Abuse Comes under the heading of rounding error. IF Obama wins, number will go down. IF Obama loses, number will go up!
nru Champion Author Twin Cities Posts:1,747 Points:982,475 Joined:Feb 2006	Message Posted: Sep 22, 2012 2:09:52 PM Ignore nru Report Abuse little change - why is this news
svspyda Champion Author San Jose Posts:1,668 Points:338,985 Joined:May 2012	Message Posted: Sep 22, 2012 2:07:33 PM Ignore svspyda Report Abuse ok
Mariuxus Champion Author Chicago Posts:3,758 Points:1,870,275 Joined:May 2007	Message Posted: Sep 22, 2012 2:07:12 PM Ignore Mariuxus Report Abuse ok...
Gas4Gore Champion Author Detroit Posts:2,416 Points:422,900 Joined:Jan 2010	Message Posted: Sep 22, 2012 2:04:12 PM Ignore Gas4Gore Report Abuse I do pray that Mitt Romney will become President and change all that has been done by the present President. Amen.
mysub Champion Author Las Vegas Posts:8,906 Points:2,329,490 Joined:Apr 2006	Message Posted: Sep 22, 2012 2:03:27 PM Ignore mysub Report Abuse crmedic, that's for sure.
nsdp Champion Author San Antonio Posts:1,117 Points:47,315 Joined:Jun 2012	Message Posted: Sep 22, 2012 2:03:11 PM Ignore nsdp Report Abuse eMOE57 said: what have you been smoking, carpenter4u? Answer Whacky tabacky
Wierbe Champion Author Cincinnati Posts:3,752 Points:1,119,115 Joined:Apr 2006	Message Posted: Sep 22, 2012 2:02:01 PM Ignore Wierbe Report Abuse Great post, nsdp. You obviously follow this much better than most of us.
nsdp Champion Author San Antonio Posts:1,117 Points:47,315 Joined:Jun 2012	Message Posted: Sep 22, 2012 1:58:19 PM Ignore nsdp Report Abuse The only number that really matters is the number drilling for oil. People forget that between 10%(Bakken and Eagle Ford) and 33% (Marcellus) of hydrocarbons produced from an"oil" well are natural gas known a casing head gas. Given the number of "oil wells" being drilled we could not drill another gas well for 5 years and never know the difference. Who knows what the mix will be in the Monterrey shale in Ca. It is bigger than either the Bakken or the Eagle Ford. [Edited by: nsdp at 9/22/2012 2:00:55 PM EST]
lpatti1 Champion Author Philadelphia Posts:10,196 Points:1,962,285 Joined:Sep 2005	Message Posted: Sep 22, 2012 1:56:13 PM Ignore lpatti1 Report Abuse Higher prices?
jtravis711 Sophomore Author Orange County Posts:174 Points:197,415 Joined:Feb 2011	Message Posted: Sep 22, 2012 1:55:44 PM Ignore jtravis711 Report Abuse What would we do without oil companies?
biggyhy Champion Author Milwaukee Posts:1,471 Points:473,280 Joined:Sep 2011	Message Posted: Sep 22, 2012 1:54:41 PM Ignore biggyhy Report Abuse ok
Wes1972 All-Star Author California Posts:650 Points:318,760 Joined:Mar 2011	Message Posted: Sep 22, 2012 1:54:26 PM Ignore Wes1972 Report Abuse Somebody has to keep the evil oil companies in the news to pacify the oil hating crowd. This story is a waste of effort. That tiny change in rig count is nothing. With nat gas prices so low and drilling budgets getting cut I would expect a larger decline.
CISA Champion Author Orange County Posts:5,946 Points:1,398,990 Joined:Dec 2006	Message Posted: Sep 22, 2012 1:54:19 PM Ignore CISA Report Abuse Rig count is irrelevant. Why? Horizontal drilling (which can replace 10 rigs) and fracking (which increases production of existing and new wells.
gumbyrex Champion Author Fresno Posts:3,296 Points:758,315 Joined:Mar 2011	Message Posted: Sep 22, 2012 1:53:45 PM Ignore gumbyrex Report Abuse The number need to be rising, not dropping.
oldiesman Champion Author New York Posts:6,427 Points:2,193,960 Joined:May 2006	Message Posted: Sep 22, 2012 1:53:01 PM Ignore oldiesman Report Abuse Sounds like a jigsaw puzzle to me?
preacherjohn Champion Author Modesto Posts:3,986 Points:1,918,805 Joined:May 2006	Message Posted: Sep 22, 2012 1:52:27 PM Ignore preacherjohn Report Abuse Is there any state that doesn't have a rig
hcivic Champion Author Virginia Posts:3,849 Points:2,264,740 Joined:Aug 2005	Message Posted: Sep 22, 2012 1:51:20 PM Ignore hcivic Report Abuse hmmmm
bullfrog42 All-Star Author Texas Posts:843 Points:170,130 Joined:May 2011	Message Posted: Sep 22, 2012 1:48:05 PM Ignore bullfrog42 Report Abuse okThey want prices to stay up?
EMoe57 Champion Author Jacksonville Posts:4,617 Points:1,016,040 Joined:Apr 2009	Message Posted: Sep 22, 2012 1:47:56 PM Ignore EMoe57 Report Abuse what have you been smoking, carpenter4u?
dancygreen Champion Author Twin Cities Posts:2,063 Points:484,885 Joined:Sep 2011	Message Posted: Sep 22, 2012 1:47:51 PM Ignore dancygreen Report Abuse interesting
firechief Champion Author New York Posts:3,441 Points:2,066,150 Joined:Mar 2004	Message Posted: Sep 22, 2012 1:46:49 PM Ignore firechief Report Abuse ugh
carpenter4u Champion Author Virginia Posts:2,436 Points:616,395 Joined:Jul 2011	Message Posted: Sep 22, 2012 1:45:36 PM Ignore carpenter4u Report Abuse Most are drilling for Brazil and China
Piniewoods All-Star Author Jacksonville Posts:892 Points:460,315 Joined:Aug 2005	Message Posted: Sep 22, 2012 1:44:24 PM Ignore Piniewoods Report Abuse OK
RAIDER757575 Sophomore Author Orange County Posts:127 Points:65,265 Joined:Jul 2012	Message Posted: Sep 22, 2012 1:43:29 PM Ignore RAIDER757575 Report Abuse WHAT HE SAID