![US Rig Count Drops This Week To All-Time Low](http://townsquare.media/site/36/files/2015/08/Oil-Rig-223x300.jpg?w=980&q=75)
US Rig Count Drops This Week To All-Time Low
HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. dropped 9 this week to 480, a record low and another sign of continuing price woes in the oil and gas industry.
Houston-based oilfield services company Baker Hughes Inc. said Friday that 386 rigs sought oil and 94 explored for natural gas. A year ago, 1,125 rigs were active.
Among major oil- and gas-producing states, Texas lost 12 rigs, Oklahoma lost three, New Mexico lost two and North Dakota and Ohio lost one.
Louisiana and Pennsylvania each gained three rigs, Kansas gained two and California and Utah each gained one.
Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
More From News Talk 96.5 KPEL
![LAGCOE’s Energy Fest Returns to Lafayette This Month](http://townsquare.media/site/36/files/2022/07/attachment-LAGCOE-Facebook2.jpg?w=980&q=75)
![Need a Job? —Rigzone’s Oil and Gas Job Fair is Coming to Lafayette](http://townsquare.media/site/29/files/2015/01/118917748.jpg?w=980&q=75)
![Oil and Gas Job Fair Coming to Lafayette](http://townsquare.media/site/33/files/2011/12/jobfair.jpg?w=980&q=75)
![Tank Explosion in Lafourche Parish](http://townsquare.media/site/29/files/2021/06/attachment-IMG_2613.jpg?w=980&q=75)
![Kennedy Wants Meeting With Biden Over Energy Industry Concerns](http://townsquare.media/site/36/files/2020/03/GettyImages-629000114.jpg?w=980&q=75)
![Petroleum Company Brings $400 Million to Shreveport](http://townsquare.media/site/182/files/2021/01/GettyImages-462843544.jpg?w=980&q=75)
![$9.2 Billion Renewable Fuel Project Eyes Louisiana](http://townsquare.media/site/182/files/2020/11/GettyImages-186277329.jpg?w=980&q=75)
![$9.2 Billion Renewable Fuel Complex Near Port Allen](http://townsquare.media/site/33/files/2019/08/Mississippi-River-Bridge.jpg?w=980&q=75)
![Survey Says Half of Louisiana Oil Producers Heading for Bankruptcy](http://townsquare.media/site/33/files/2018/03/GettyImages-81956946.jpg?w=980&q=75)