Oil and Gas by the Numbers 03/04/2011

With the price of oil ringing in at $103.93/bbl so far today, one has to wonder which factor is responsible today.  There are so many factors to consider, but it has translated to an upswing all the way around.

Rig count:

update 03/04/11

• United States Total: 1707  (an increase of 14 rigs from last week)
• TX: 733 primarily district 8
• LA: 172
• OK: 163
• ND: 154
• PA:  99
• NM: 76
• CO: 67
• WY: 46
• CA: 40
• AK: 06

For more information and other state counts please check out: Baker Hughes Rig Count

Permits Issued for Drilling

02/28/11 thru 03/04/11:

• TX: 215 (New applications Approved)
• ND: 23
• MT: 3
• CA: No current update

Gasoline Prices

03/4/2011

National Average: $3.483/gal

US Low: Wyoming at $3.13/gal

US High: California at $3.848/gal

Find the average for your area with Gas Buddy.