US rig count drops for 2nd week, losing 11 rigs for a total of 1,924


07 28, 2012 by The Washington Post

The number of rigs actively exploring for oil and natural gas in the U.S. fell by 11 this week to 1,924 from the previous week.

Houston-based oilfield services company Baker Hughes Inc. reported Friday that 1,416 rigs were exploring for oil and 505 were searching for gas. Three were listed as miscellaneous. A year ago, Baker Hughes listed 1,908 rigs.

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