Drilling Rigs Up

The WSJ is reporting that the number of rigs looking for oil and gas in the U.S. rose to 1,220 last week, according to data from Baker-Hughes, Inc.  The greater increase came from rigs looking for natural gas.  (Note:  Subscription required.)

[Update:  In related news, the Pittsburgh Tribune-Review has an article on drilling in Pennsylvania in 2009.  The upshot:  Not great news except for the Marcellus.]

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