Colorado rig counts stable through summer, while the U.S. dips slightly – Colorado News

Colorado rig counts stable through summer, while the U.S. dips slightly – Colorado News

While the U.S. rig count decreased this month across the nation, it remained stable in Colorado.

Kicking off August, the rig count in Colorado sat at a stable 37 for the first count of the month, a number that has remained the same throughout most of the summer. That number is almost double that of the rig counts last summer, when 20 rigs were drilling in Colorado, most of which are in Weld County. Colorado’s recent highs were in 2013 and 2014, when there were roughly 68 rigs drilling across the state.

The number of rigs exploring for oil and natural gas in the U.S. decreased by four this week to 954. A year ago, just 464 rigs were active across the country.

Among major oil- and gas-producing states, Texas gained four rigs and Alaska increased by one. Louisiana declined by five rigs, Oklahoma decreased by two and New Mexico and North Dakota were down by one apiece.

Along with Colorado, Arkansas, California, Ohio, Pennsylvania, Utah, West Virginia and Wyoming were unchanged.

The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May 2016 at 404.


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— Associated Press contributed to this report.

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