Rig Count Monthly – May 8, 2012

May 8th, 2012 by Belisarius

(For April 2012)

Number of crude oil drilling rigs in the U.S. rose for 37 in the last month; Number of natural gas drilling rigs fell for 52.

Massive fall in gas drilling in recent months coupled with large increase in oil drilling.

On world scale number of oil & gas drilling rigs fell for 365 in April on the back of falling gas drilling in North America.

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