U.S. rig count declines by a dozen

Oil
By The Associated Press on July 13, 2012

The number of rigs actively exploring for oil and natural gas in the U.S. is down by 12 this week to 1,953.

Houston-based oilfield services company Baker Hughes Inc. reported Friday that 1,427 rigs were exploring for oil and 522 for gas. Four were listed as miscellaneous. A year ago, Baker Hughes reported 1,905 rigs.

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