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US rig count drops by 43 in latest week to 1,267

HOUSTON - Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. fell by 43 this week to 1,267 amid depressed oil prices.The Houston-based company said Friday in its weekly report that 86 rigs were exploring for oil and 280 for gas. One was … [Read More...]

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