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US rig count rises by 8 to 1,785 in latest week
Reported by: Associated Press
Friday, January 31, 2014 1:41 PM EST
Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. rose by eight this week to 1,785.
Of the major oil- and gas-producing states, Louisiana and Texas each gained three rigs, Ohio was up two and Alaska and New Mexico rose by one apiece.
Oklahoma was down by two and Kansas by one. Arkansas, California, Colorado, North Dakota, Pennsylvania, Utah, West Virginia and Wyoming were all unchanged.
The U.S. rig count peaked at 4,530 in 1981 and bottomed at 488 in 1999.