US drives 18% increase in global rig count

By Jack Elliott
Published: Wednesday, 09 November 2011

Rise in line with increased bentonite, barytes demand and prices

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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