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U.S. oil rig count surges by most in 7 months

Staff Writer |
Baker Hughes reported the North America Rotary Rig Count for January 12, 2018 increased by 15 this week.

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The rig count included an increase of 2 offshore rigs and 13 inland rigs exploring for oil and gas.

Of those 15, 10 are exploring for oil, while 5 rigs are searching for natural gas.

New Mexico and Louisiana saw the largest increases, with 5 new rigs each.

Alaska added one, and Utah increased its count by 1. Oklahoma saw its numbers increase by 3 and Colorado by 2, while Texas dropped 2 rigs.

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