Oil Natural Gas Rig Count Climbs by 6 to 1700 in US, Baker Hughes Says - Bloomberg

The gas rig count fell by five to 914 this week, the lowest level since Feb. 26, Houston-based Baker Hughes said. The number of oil rigs rose by 12 to 777, the highest level since at least 1987, and the total U.S. rig count climbed by six to 1,700.

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Crude for February delivery decreased 35 cents, or 0.4 percent, to settle at $88.03 a barrel at on the New York Mercantile Exchange . Gas for February delivery fell 1.2 cents, or 0.3 percent, to settle at $4.422 per million British thermal units.

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Among major oil- and gas-producing states, the rig count in Louisiana dropped by eight to 168. Texas rigs rose by two, and Oklahoma rigs increased by four.

Oil Natural Gas Rig Count Climbs by 6 to 1700 in US, Baker Hughes Says - Bloomberg