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January 6, 2013

Rig count drops this week by 1

HOUSTON (AP) — The number of rigs actively exploring for oil and natural gas in the United States slipped by one this week to 1,762.

Oklahoma’s rig count fell by two, according to Oilfield services company Baker Hughes Inc.

The Houston-based company said in its weekly report Friday that 1,318 rigs were exploring for oil and 439 for gas. Five were listed as miscellaneous. A year ago, Baker Hughes counted 2,007 working rigs.

Of the major oil- and gas-producing states, Texas gained four rigs and Pennsylvania increased by three. Colorado lost two rigs, while Louisiana, North Dakota and Wyoming dropped one rig each. Alaska, Arkansas, California, New Mexico and West Virginia remained unchanged.

The rig count peaked at 4,530 in 1981 and bottomed at 488 in 1999.

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