Seeking Alpha

U.S. drilling rig count up for August

  • Baker Hughes says the average number of drilling rigs in service in the U.S. increased last month to 1,781, up 15 from the July count but down 113 from Aug. 2012.
  • Internationally, the rig count was down 38 from 1,305 reported in July and up six from the 1,261 reported in Aug. 2012.
  • ETFs: OIH, IEZ, PXJ, XES.
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