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US drives 18% increase in global rig count

09 November 2011

by Jack Elliott

Rise in line with increased bentonite, barytes demand and prices

Keywords: oil, gas, Baker Hughes, rig count, barytes, bentonite, frac sand

Global oil and gas exploration rose 18% year on year in October, driven largely by a continued activity increase in North America, according to oilfield services group Baker Hughes.

There were 3,722 rigs operating worldwide in October 2011, a...

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