Rigs Exploring for Oil and Gas in US Up this Week

Nov 17, 2012

Credit File photo

HOUSTON (AP) — The number of rigs actively exploring for oil and natural gas in the U.S. rose this week by three, to 1,809.

Houston-based oilfield services company Baker Hughes Incorporated reported Friday that 1,390 rigs were exploring for oil and 417 were searching for gas. Two were listed as miscellaneous.

West Texas Intermediate crude priced at Oklahoma's Cushing pipeline hub closed the week up over one percent to $86.92 a barrel.

Copyright 2012 The Associated Press.