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US oil, gas exploration rigs drop this week by 1

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HOUSTON (AP) — Oilfield services company Baker Hughes Inc. says the number of rigs actively exploring for oil and natural gas in the U.S. slipped by 1 this week to 1,762. The Houston-based company said in its weekly report Friday that 1,318 rigs were exploring for oil and 439 for gas. Five were listed as miscellaneous. A year ago, Baker Hughes counted 2,007 working rigs. Of the major oil- and...

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