Economics
Gas Rigs Drop to Fewest Since 1999 as Drilling Declines
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Oil and gas rigs in the U.S. fell for a third straight week to the lowest level since January after producers moved equipment out of gas plays.
The gas count declined by 13 to 407, the fewest since May 1999, data posted on Baker Hughes Inc.’s website show. Oil rigs gained for a second week, adding eight to 1,341, a 12-week high, the field-services company based in Houston said.