U.S. Baker Hughes Rig Count Rises on Texas Drilling
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Oil and natural-gas rigs operating in the U.S. rose for a ninth consecutive week, as drilling in Texas jumped, according to data published by Baker Hughes Inc.
The combined oil and gas rig count gained 19, or 1.2 percent, to 1,605, the highest level since January 2009. The figure reached a 22-year high in 2008, peaking at 2,031.