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Back You are here: Home Magazine Industry Headlines End-User News As Oil and Gas Prices Plunge, Drilling Frenzy Ends

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As Oil and Gas Prices Plunge, Drilling Frenzy Ends

The great American drilling boom is over.

The number of oil and gas rigs deployed to tap new energy supplies across the country has plunged to less than 1,200 from 2,400 last summer, and energy executives say the drop is accelerating further.

Source: New York Times

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