HOUSTON — The number of rigs exploring for oil and natural gas in the U.S. dropped by three this week to 440, again reaching an-time low amid depressed energy industry prices.
A year ago, 954 rigs were active.
Houston oilfield services company Baker Hughes Inc. said Friday 351 rigs sought oil and 89 explored for natural gas.
Among major oil- and gas-producing states, Texas lost three rigs and Alaska, North Dakota, Pennsylvania and Wyoming each dropped one.
New Mexico gained two rigs while Kansas and Louisiana gained one apiece.