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The annual drilling rig count for Louisiana declined 27 percent from 1997 to 1999, which sounds bad -- but the annual drilling rig count in the United States declined 34 percent during the same period. Shown here, one of the active ones: the Grey Wolf Rig 83, drilling in Louisiana's Lafayette Parish. Photo courtesy of Grey Wolf Drilling Co.
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The annual drilling rig count for Louisiana declined 27 percent from 1997 to 1999, which sounds bad -- but the annual drilling rig count in the United States declined 34 percent during the same period. Shown here, one of the active ones: the Grey Wolf Rig 83, drilling in Louisiana's Lafayette Parish. Photo courtesy of Grey Wolf Drilling Co.