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Odessa American in Odessa, Texas

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Newspaper

Odessa American

Location

Odessa, Texas, United States of America

Date

Mar 13, 2011

Page

7

U S Rig Count Rises by Eight to 1715

The weekly U S rig count climbed to 1715 with Baker Hughes reporting 882 gas rigs, 827 oil rigs, and six miscellaneous. Texas added four rigs, Louisiana and Oklahoma two each, California New Mexico and Pennsylvania one each, while Alaska Colorado BATE and North Dakota each fell by one from prior levels. The boom era top was 4530 in 1981 and the low 488 in 1999.

Nevada New York Rune Bot Ohio Hapoel Oregon Perpay South Dakota Tennessee Fexas South Central Middle Tx Upper Te Coast Flordalang Lower ST Hecate Central Far West North Tr Canada Montana Bae Grand Total West Texas Wile West Texas Spur Houston U.S Baker Hughes Inc Texas Louisiana Oklahoma California New Mexico Pennsylvania Arkansas West Virginia Wyoming Alaska Colorado Bate As North Dakota

99 Cents Only Receives Private-Equity Buyout Offer

City of Commerce California discount retailer 99 Cents Only Stores has received a take-private proposal from the Schiffer Gold family and Leonard Green Partners at 19.09 per share valuing the company around 1.3 billion. Wedbush analyst Joan Storms says the bid undervalues the firm and may spark a sweeter offer to deter rivals.

City OF Commerce Calif 99 Cents Only Stores Leonard Green & Partners LP Wedbush Joan Storms Storms

Consumers borrow more in January as car loans rise

U S borrowing increased 2.5 percent to 5 billion, lifting total consumer debt to 2.41 trillion. Auto loans led the gain with a 6.9 percent rise, while credit card debt fell 6.4 percent in January, the 28th drop in 29 months, signaling cautious consumer spending despite tax cuts and improving jobs outlook.

Washington Federal Reserve David Wyss Standard & Poor's New York Michael Gapen U.S Barclays Capital Gapen The

Also Mentioned on This Page

Associated Press Schiffer-Gold David Gold 99 Cents Sherry Eric Schiffer Jeff Gold Howard Gold Schiffer David Peter Woo Eric Flamholtz Marvin Olen Lawrence Glascott Schiffer-Gold Family Terry's Solatube Standard and Poor's Quistanang Pee Sondj Source Wie Kran Rathod
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