US rigs gain 11

US rigs: up by 11

BRIGHAM EXPLORATION

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Luke Johnson

 30 March 2012 18:34 GMT

The number of oil and gas rigs drilling in the US rose by 11 this week to total 1979, according to data from US services giant Baker Hughes.

Rigs drilling for natural gas climbed for the first time in nearly three months, adding six for a total of 658. That is still 233 fewer than a year ago, as drillers pull back on dry gas exploration amid decade-low prices for the fuel brought on by oversupply and unusually low demand after one of the warmest winters on record.

Oil rigs, meanwhile, continued their steady incline, adding five more this…

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