Friday, March 11, 2011

Oil and Gas by the Numbers 03/11/2011

Oil prices have dipped some towards the end of the week.  At the last glance today around noon crude was still holding out at $101.03/bbl.  The slight dip in price doesn't seem to have changed the new drilling interest throughout the US.

Rig Count
update 03/11/11

  • United States Total: 1715 (an increase of 8 rigs from last week)
  • TX: 737
  • LA: 174
  • OK: 165
  • ND: 153
  • PA: 100
  • NM: 77
  • CO: 66
  • WY: 46
  • CA: 41
  • AK: 05
For more information and other state counts please check out: Baker Hughes Rig Count

Permits Issued for Drilling
03/4/11 thru 03/10/11

  • TX: 252 (approved New Drill apps)
  • ND: 40
  • MT: 3 New / 15 Reissued
  • CA: 32
Gasoline Prices
03/11/2011

National Average: $3.526/gal
US Low:  WY $3.228/gal
US High: HI $3.954/gal

Find current prices for your area at: Gas Buddy


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