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U.S. rig count drops to all-time low of 480

2016-03-11 22:44:34| Oil & Gas - Topix.net

The number of rigs exploring for oil and natural gas in the U.S. dropped by nine this week to 480, a record low and another sign of continuing price woes in the oil and gas industry. Houston-based oilfield services company Baker Hughes Inc. said Friday that 386 rigs sought oil and 94 explored for natural gas.

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