Financial Briefs

Breaking financial news from Wall Street to Main Street

Number of rigs down 23 this week

Posted by financialbriefs on September 26, 2008

The number of rigs actively exploring for oil and natural gas in the United States dropped by 23 this week to 1,995.

Of the rigs running nationwide, 1,559 were exploring for natural gas and 423 for oil, Houston-based Baker Hughes Inc. reported Friday. Thirteen were listed as miscellaneous.

A year ago, the rig count stood at 1,760.

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