Number of active oil rigs falls by 20 - The Associated Press

By
Viraj
on April 25, 2009 9:30 PM | | TrackBacks (0)
23 hours ago HOUSTON (AP) — The number of rigs actively exploring for oil and natural gas in the United States fell by 20 this week to 955, down nearly half from a year ago.

Oil Tanks manufacturing facility, India.

Of the rigs running nationwide, 742 were exploring for natural gas and 202 for oil, Houston-based Baker Hughes Inc. reported Friday. A total of 11 were listed as miscellaneous. A year ago, the rig count stood at 1,842. The U.S. count is down 53 percent since the end of August as weak energy demand has hampered oil-field activity.

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