US rig count down 7 to 1,762

Published May 24, 2013 6:00pm ET



HOUSTON (AP) — Oilfield services company Baker Hughes Inc. says the number of rigs actively exploring for oil and natural gas in the U.S. dropped by seven this week to 1,762.

The Houston-based company said Friday in its weekly report that 1,402 rigs were exploring for oil and another 354 for gas. Six were listed as miscellaneous. A year ago there were 1,983 active rigs.

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