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RIG COUNT: New Mexico Pass Oklahoma, Texas Leads Nation

The U.S. rig count continued its slump this week led by the loss of active drilling rigs in Oklahoma and the Gulf of Mexico.

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Oklahoma’s disappointing oil results of late have let New Mexico surpass the Sooner state this week as the second-most-active driller behind Texas. New Mexico is led by the booming Permian Basin, which extends into the southeastern portion of the state from Texas.

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