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February 2013

Vol. 18, No. 7 Week of February 17, 2013

US rig count down by five to 1,759

Oilfield services company Baker Hughes Inc. says the number of rigs actively drilling for oil and natural gas in the U.S. dropped by five the week ending Feb. 8 to 1,759.

The Houston-based company said in its weekly report that 1,330 rigs were actively drilling for oil and 425 for gas. Four were listed as miscellaneous. A year ago, Baker Hughes counted 1,989 working rigs.

Of the major oil- and gas-producing states Louisiana gained five rigs, Pennsylvania rose by two and Colorado increased by one. New Mexico lost three rigs, North Dakota and Texas each decreased by two and Alaska, West Virginia and Wyoming dropped one each. Arkansas, California and Oklahoma remained unchanged.

The rig count peaked at 4.530 in 1981 and bottomed at 488 in 1999.

—Associated Press





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