HOUSTON —
The number of rigs actively exploring for oil and natural gas in the U.S. rose this week by three, to 1,809.
Texas-based oilfield services company Baker Hughes Inc. reported Friday that 1,390 rigs were exploring for oil and 417 were searching for gas. Two were listed as miscellaneous. A year ago, Baker Hughes counted 2,001 rigs.
Of the major oil- and gas-producing states, Louisiana gained five rigs, Colorado three and California and West Virginia one each.
Alaska, New Mexico, Oklahoma and Pennsylvania declined by two apiece and Texas and Wyoming each fell by one. Arkansas and North Dakota were unchanged.
The rig count peaked at 4,530 in 1981 and bottomed at 488 in 1999.
Business
November 19, 2012
Rigs exploring for oil and gas in US up this week
- Business
-
-
Waiting for word from Bernanke, stocks move higher
It’s all about the Fed. Still.
-
Missouri moves to lift ban on foreign farm owners
Weeks before a Chinese conglomerate agreed to buy Smithfield Foods Inc. in the largest such takeover of a U.S. business, Missouri lawmakers quietly approved legislation removing a ban on foreign ownership of agricultural land.
-
NSA director says plot against Wall Street foiled
The U.S. foiled a plot to bomb the New York Stock Exchange because of the sweeping surveillance programs at the heart of a debate over national security and personal privacy, officials said Tuesday at a rare open hearing on intelligence — a set-piece for supporters of the spying.
-
Chrysler expected to formally refuse Jeep recall
In one of the biggest-ever showdowns between an automaker and the government, Chrysler on Tuesday is expected to file papers explaining its refusal to recall 2.7 million older Jeep SUVs that are at risk of catching fire in rear-end collisions.
-
Woman admits role in prearranged funeral fraud
A St. Louis County woman has admitted to a role in a pre-arranged funeral scam that allegedly bilked customers out of as much as $600 million.
-
Sprint sues to stop Dish Clearwire buyout
Sprint is suing to stop Dish Network’s buyout of wireless data network operator Clearwire. The nation’s third-largest cellphone carrier said the proposed deal violates the rights of Sprint and other Clearwire shareholders.
-
G-8 summit turns focus to clampdown on tax-dodging
World leaders at the G-8 summit declared Tuesday that governments must work together to close loopholes that allow multinational corporate giants to avoid paying taxes in their home countries.
-
Stocks edge higher on home building, low inflation
U.S. stocks were up in early trading Tuesday, boosted by government reports of gains in home construction and low inflation. Expectations that the Federal Reserve will keep in place programs meant to prop up the economy also drove the market higher.
-
With Samsung, Jay-Z’s business continues to boom
He really is more than a businessman.
-
World looks to Bernanke to clarify stimulus plans
Is the era of ultra-low interest rates nearing an end?
- More Business Headlines
-
Raw: German President Welcomes President Obama
Fans Cheer Dramatic Heat Comeback
Raw: Arizona Wildfire Scorches 8 Square Miles
Hoffa Mystery Still Fascinates After 4 Decades
Raw: 1 Dead in Shooting at Mo. Apartment Complex
Raw: Huge Fire Near Yosemite National Park
Raw: Obama Arrives in Berlin
3 Charged in Ohio With Enslaving Mom, Daughter
Obama Seeks G-8 Support on Syria
Raw: Volcano Erupts Near Mexico City
Kid Couture: Spending Big Bucks on Babies
Suicide Bombs Target Baghdad Mosque, Killing 29
Military Plans to Put Women in Combat Jobs
Solar Power Chargers in NYC Parks
Civil Rights Groups Sue NYPD Over Muslim Spying
Raw: First Lady, Daughters Enjoy Irish Sights
RAW: NSA Director Says 50 Plots Foiled
Boeing, Airbus Battle for Sales Supremacy
