U.S. Oil Rig Count Rises to Highest Level Since 1993
Posted: Sat 30 Jan 2010, 16:18:35
This really doesn't gibe with Simmons claim that the oil infrastructure is basically inadequate and falling apart.
http://www.bloomberg.com/apps/news?pid= ... MaBCGooOf0
Jan. 29 (Bloomberg) -- Crude oil rigs operating in the U.S. increased this week to the highest level in 16 years as drilling rose in Texas and the Dakotas, according to data published by Baker Hughes Inc.
Oil rigs rose by seven to 444, the highest level since the week ended Dec. 17, 1993. The count has more than doubled since June, when it bottomed out at 179.
http://www.bloomberg.com/apps/news?pid= ... MaBCGooOf0
Jan. 29 (Bloomberg) -- Crude oil rigs operating in the U.S. increased this week to the highest level in 16 years as drilling rose in Texas and the Dakotas, according to data published by Baker Hughes Inc.
Oil rigs rose by seven to 444, the highest level since the week ended Dec. 17, 1993. The count has more than doubled since June, when it bottomed out at 179.