Markets

U.S. open in 39 hrs, 19 mins

DJIA

10,464.40

30.69

0.29%

NASDAQ

2,176.05

6.87

0.32%

S&P 500

1,110.63

4.98

0.45%

10yr Note

100.844

0.25

0.25%

FTSE 100

5,364.81

40.85

0.77%

Nikkei 225

9,441.64

40.06

0.43%

Hang Seng

22,611.80

188.66

0.84%

Euro (in USD)

1.514

0.0172

1.15%

Yen (per USD)

87.31

-1.20

1.36%

Gold (Dec)

1,192.60

26.80

2.30%

Oil (Jan)

77.81

1.79

2.35%

BUSINESS NEWS

INVESTING

PERSONAL FINANCE AT WALLETPOP

SMALL BUSINESS

Number of active rigs increase by 24

posted: 3 HOURS 51 MINUTES AGO

Text SizeAAA

HOUSTON -The number of rigs actively exploring for oil and natural gas in the U.S. this week has risen by 24 this week to 1,137.

Houston-based Baker Hughes Inc. said Wednesday that 748 rigs were exploring for natural gas and 379 for oil. Ten were listed as miscellaneous. A year ago this week, the rig count stood at 1,866.

Of the major oil- and gas-producing states, Texas gained 11 rigs, Colorado gained ten, Oklahoma gained seven, and Arkansas, New Mexico and North Dakota each gained one. Louisiana lost three rigs, and Alaska and Wyoming each lost one. The numbers of rigs in California were unchanged.

The rig count tally peaked at 4,530 in 1981, during the height of the oil boom. The industry posted a record low of 488 in 1999.

2009-11-25 14:19:52

COMMENTS ( 0 )

Newest First