Oil and Gas

The U.S. rig count peaked at 4,530 in 1981 and bottomed at 488 in 1999.


The struggle for control of the regional flood authority board and its lawsuit against oil and gas companies for wetlands damage has taken an unexpected turn.

U.S. District Judge Carl Barbier agreed several weeks ago to change the compensation formula for any future payments, but he ruled Wednesday that a deal is a deal when it comes to money BP has already paid out.

Targets of an investigation of alleged corruption within the settlement program for compensating victims of the 2010 Gulf of Mexico oil spill will be in federal court Tuesday.

Texas declined by five rigs, West Virginia dropped three and Louisiana was down two.

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