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Washington Post reported that the number of rigs exploring for oil and natural gas actively in the U.S. plunged by 15 to 2,001.
Washington Post reported that the number of rigs exploring for oil and natural gas actively in the U.S. plunged by 15 to 2,001.
As quoted in the market news:
Houston-based drilling product provider Baker Hughes Inc. reported Friday that 1,125 rigs were exploring for oil and 871 for natural gas. Five were listed as miscellaneous. A year ago this week the rig count stood at 1,677.
Click here to read the full Washington Post report.