Oil and Gas by the Numbers 05/13/2011

Good Afternoon!  Looks like we might be back online hopefully to stay.  As I passed by the computer screen the numbers look like they are dropping a bit.  WTI crude is currently at $98.42/barrel.  Along with the dip in the price of crude there is a slight dip in the number of rigs in the US.

Rig Count

updated 05/13/11

US: 1830

TX: 817

LA: 173

OK: 180

ND: 162

PA: 108

NM: 75

CO: 72

WY: 42

CA: 41

AK: 6

WV: 18

MT: 10

Applications to Drill

5/6/11 thru 5/12/11

TX: 333

ND: 35

MT: 6

CA: 54

WY: 98

NM: 3

Gasoline Prices

05/13/11

US average: $3.952/gal

Low: WY $3.654/gal

High: HI $4.475/gal