US Oil and Natural Gas Rig Count Increases by 1 This Week

Washington Post reports that the number of U.S. rigs exploring for oil and natural gas climbed by one this week to a total of 1,887.

The market news is quoted as saying:

Houston-based drilling product provider Baker Hughes Inc. reported Friday that 1,007 rigs were exploring for oil and 873 for natural gas. Seven were listed as miscellaneous. A year ago, the rig count stood at 1,567.

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