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http://news1.equities.com/2012/08/11/370505.html

BRIEF: A record 1,432 rigs are seeking oil [Fort Worth Star-Telegram, Texas]

By Jim Fuquay, Fort Worth Star-Telegram, TexasMcClatchy-Tribune Information Services

Aug. 11--Active drilling rigs in the U.S. rose by one this week to 1,931, helped by a record 1,432 rigs seeking oil, Baker Hughes Inc. said.

Rigs seeking gas dipped to 495, with four listed as miscellaneous. A year ago, Baker Hughes listed 1,959 rigs.

In the Barnett Shale, 48 rigs were active, up seven from a week earlier, RigData said. Wise and Montague counties led with nine each, followed by Jack with eight and Tarrant with seven.

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(c)2012 the Fort Worth Star-Telegram

Visit the Fort Worth Star-Telegram at www.star-telegram.com

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