US rig count plunges 27

The number of rigs exploring in the US fell 27 to 1782 this week.

During the same week last year, there were 1710 rigs active. The number of rigs in the Gulf of Mexico rose one to 61, compared with 81 last year. The number of rigs exploring in Canada fell 112 to 260. Last year there were 429 rigs active. There were 365 directional rigs operating along with 443 horizontal rigs and 974 vertical rigs. The number of rigs searching for oil fell 18 to 325 while the number of rigs searching for gas fell nine to 1452. There were five miscellaneous rigs operating, steady with last week. The number of rigs operating in Texas fell 23 to 871, while in Louisiana rig use fell one to 158.
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