Number of active oil rigs rises by 4
Boston.com
July 17, 2009
HOUSTON—The number of rigs actively exploring for oil and natural gas in the United States rose by 4 this week to 920.
Of the rigs running nationwide, 665 were exploring for natural gas and 244 for oil, Houston-based Baker Hughes Inc. reported Friday. Eleven were listed as miscellaneous.
A year ago, the rig count stood at 1,928. The U.S. count is down about 55 percent since the end of August as weak energy demand has hampered oilfield activity.