ARTICLE
16 July 2024

Louisiana Sees Largest Rise In US Rig Count

JW
Jones Walker

Contributor

At Jones Walker, we look beyond today’s challenges and focus on the opportunities of the future. Since our founding in May 1937 by Joseph Merrick Jones, Sr., and Tulane Law School graduates William B. Dreux and A.J. Waechter, we have consistently asked ourselves a simple question: What can we do to help our clients succeed, today and tomorrow?
Good news for Louisiana's upstream oil and gas sector. The US Drilling Rig count increased by four last week.
United States Energy and Natural Resources

Good news for Louisiana's upstream oil and gas sector. The US Drilling Rig count increased by four last week. Louisiana accounted for three of the four new rigs added, with Texas adding the remaining rig. This is the first increase in the domestic rig count in two months spurred by an uptick in natural gas prices.

Of the major oil and gas-producing states, Louisiana saw the largest uptick. A 3-rig increase brought the rig count in the state to 43 for the week.

www.ogj.com/...

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