U.S. Gas Rigs Fall to 10-Month Low, Baker Hughes Says
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The number of natural gas rigs operating in the U.S. declined for a fifth week to the lowest level in 10 months, according to Baker Hughes Inc.
The gas rig count fell by five to 914 this week, the lowest level since Feb. 26, Houston-based Baker Hughes said. The number of oil rigs rose by 12 to 777, the highest level since at least 1987, and the total U.S. rig count climbed by six to 1,700.