In this week's news update, Oilfield Helping Hands establishes a new chapter in Texas, and the rig count takes another dive.
The number of rigs seeking oil and natural gas in the U.S. declined by 30 last week to 541, according to oilfield services company Baker Hughes on Feb. 12.
The Houston-based company says 439 rigs were seeking oil and 102 for natural gas. A year ago, 1,358 rigs were active.
Texas declined by 14 rigs last week, while New Mexico and Oklahoma each dropped four. North Dakota was down three. Colorado, Pennsylvania and Wyoming lost two each and Kansas was off by one.
California and Louisiana gained on rig each. Alaska, Arkansas, Ohio, Utah and West Virginia were all unchanged.
Oilfield Helping Hands Starts New Chapter
Oilfield Helping Hands, a nonprofit organization that has given more than $3.3 million to oilfield families in need, has established a new South Texas Chapter, based in San Antonio, Texas.
It marks the sixth chapter for the organization and covers the Eagle Ford and other South Texas oilfield areas.