Rigs targeting oil and natural gas in the U.S. fell by four this week to a six-month low of 1,739, according to Baker Hughes Inc.
Olympic athletes who spend years toiling in the quest for gold medals can encounter a greater challenge when they retire from competition.
The shale boom that sent natural-gas prices to a 10-year low is being felt for the first time in the oil markets.
Rigs targeting oil in the U.S. gained this week as producers boosted horizontal drilling for crude in the Granite Wash play of Texas and Oklahoma.
Energy rigs in the U.S. gained this week as producers deployed more horizontal and directional equipment to cut drilling times and boost crude production.
Oil and gas rigs in the U.S. tumbled to the lowest level in two months as energy producers used drilling efficiencies to cut the time it takes to bore wells, weakening demand for more equipment.
Oil and gas rigs in the U.S. rose by 13 to 1,791 this week, reaching the highest level this year, according to Baker Hughes Inc. The increase was the sixth in seven weeks.
The number of oil rigs in the U.S. declined for the first time in four weeks as oil prices fell to their lowest level this year, according to Baker Hughes Inc.
Oil rigs in the U.S. advanced to the highest level since December as energy producers, responding to a $10-a-barrel rise in crude prices over the last three months, picked up drilling activity in shale plays.
Gas rigs in the U.S. jumped by the most in more than three years as futures capped a fourth weekly gain and drilling in Louisiana and Oklahoma increased.
"We did not see a recovery yet from Karen."
- James Williams on Oct 18, 2013