US Oil and Gas Rig Count up 27

The Associated Press reported that in U.S., the number of rigs actively exploring for oil and natural gas increased by 27 this week to 1,985 after a big jump in Texas.

The market news is quoted as saying:

Houston-based drilling product provider Baker Hughes Inc. reported Friday that 1,062 rigs were exploring for oil and 912 for natural gas. Eleven were listed as miscellaneous. A year ago this week the rig count stood at 1,661.

Of the major oil- and gas-producing states, Texas gained 11 rigs, Louisiana six, California five, West Virginia four, North Dakota two and Arkansas and Wyoming one each.

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