Fewer Rigs Looking for Oil and Gas

Mar 23, 2013

Oil rig at daybreak
Credit OU

HOUSTON (AP) — Oilfield services company Baker Hughes Incorporated says the number of rigs actively exploring for oil and natural gas in the U.S. fell by 30 this week to 1,746.

The Houston -based company said in its weekly report on Friday that 1,324 rigs were actively exploring for oil and 418 for gas. Four were listed as miscellaneous.

The report says Texas tally dropped by 11, and Oklahoma's rig count declined by four.

Copyright 2013 The Associated Press.