Weekly US Oil, Gas Rig Count Drops by 7 to 1,993

- December 2nd, 2011

The Associated Press reported that the number of oil and natural gas rigs in the U.S. declined by seven this week to 1,993.

The Associated Press reported that the number of oil and natural gas rigs in the U.S. declined by seven this week to 1,993.

As quoted in the market news:

Houston-based drilling product provider Baker Hughes Inc. reported Friday that 1,132 rigs were exploring for oil and 856 for natural gas. Five were listed as miscellaneous. A year ago this week Baker Hughes reported 1,713 active rigs.

Click here to read the full The Associated Press report.

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