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Sep 14, 2009
The oil 'bubble' - details are in the numbers...
The number of rigs actively exploring for oil and natural gas in the U.S. fell by 10 this week to 999.
(
Via TOD
)
Houston-based Baker Hughes Inc. reported Friday that 699 of the rigs were exploring for natural gas and 288 for oil.
A year ago this week, the rig count stood at 2,031.
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