BY Staff and Wire reports
Saturday, January 05, 2013
1/05/13 at 3:06 AM
State rig count drops by two to 181 units
The number of drilling rigs actively exploring for oil or natural gas in Oklahoma fell by two this week to 181, Baker Hughes Inc. reported Friday.
The tally is down 11 from a year ago, when it was 192.
Nationwide, the net number of active drilling units slipped by one this week to 1,762, according to Houston-based Baker Hughes' website.
A year ago, the U.S. rig count was 2,007.
Of the rigs operating across the country this week, 1,318, or 75 percent of the total, were drilling for oil, while 439 were exploring for gas. Five rigs were listed as miscellaneous. A year ago, 59 percent of active rigs were exploring for oil, according to Baker Hughes data.
Friday on the New York Mercantile Exchange, benchmark crude oil rose 17 cents to settle at $93.09 per barrel.
Natural gas rose 9 cents to finish at $3.29 per 1,000 cubic feet.
Agency sues JPMorgan over WaMu transactions
The National Credit Union Administration has sued JPMorgan Chase & Co. over the sale of mortgage securities that contributed to the collapse of three credit unions.
The lawsuit alleges that Washington Mutual Bank gave a false picture of $2.2 billion in risky mortgage securities that it sold to the three wholesale credit unions. JPMorgan acquired the failed Washington Mutual in 2008.
The agency has filed similar suits against other big banks including Barclays, Goldman Sachs and Credit Suisse.