Oil and gas rig count up 54% since last year

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The number of active oil and natural gas drilling rigs in the United States rose by two this week and 267, or 54%, in the past year, an increase that comes even as oil demand — and, by extension, gas prices — has abated slightly since last month.

The numbers bring the current U.S. rig count up to 758, according to the new data, published by Baker Hughes on Friday.

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