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US rig count continues to rise

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The US total rig count hit 941 this week, a seven-rig increase from one week ago, according to the Baker Hughes weekly rig count. Of these, 758 rigs are drilling for oil and 183 are gas rigs.

Last year at this time, there were only 421 total rigs in the US – 397 onshore, 21 offshore and three in inland waters.

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