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Active Oil Rig Count Drops by 98
HOUSTON -- The number of rigs actively exploring for oil and natural gas in the United States dropped by 98 this week to 1,623.
Of the rigs running nationwide, 1,267 were exploring for natural gas and 346 for oil, Houston-based Baker Hughes (BHI Quote) reported Friday. A total of 10 were listed as miscellaneous.
A year ago, the rig count stood at 1,774. ...
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