Baker Hughes: US Oil, Gas Rig Count Up 2 To 968 This Week - CNNMoney.com

By
Viraj
on August 16, 2009 7:28 AM | | TrackBacks (0)
NEW YORK -(Dow Jones)- The number of rigs drilling for natural gas in the U.S.rose slightly this week as producers continued to increase drilling activity inthe hope of an economic recovery that could drive up energy demand.

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The number of oil and gas rigs climbed to 968, up two from the previous week,according to rig data from oil-field services company Baker Hughes Inc. (BHI).The number of gas rigs was 688, an increase of seven rigs from last week, whilethe oil rig count slipped to 272, a decrease of five rigs. The number ofmiscellaneous rigs was unchanged at eight.

Full Story: Baker Hughes: US Oil, Gas Rig Count Up 2 To 968 This Week - CNNMoney.com

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