US drilling rig count rises by 11 to 1,032
The number of rigs drilling for oil and natural gas in the U.S. increased by 11 the week ending May 4 to 1,032. At this time a year ago there were 877 active rigs.
Houston oilfield services company Baker Hughes reported that 834 rigs drilled for oil (up nine from the previous week) and 196 for gas....
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