State data in North Dakota show the number of rigs searching for or producing oil and gas as of Monday broke a record low set more than 10 years ago. State data show 25 rigs actively producing or exploring for oil or natural gas as of Monday . By two rigs, that breaks a record low set in July 2005 and comes at a time when energy companies are spending less on exploration and production because of lower crude oil prices, despite recent recovery. The all-time low point for rigs in North Dakota is zero. Rig counts serve as a loose barometer for the health of the oil and gas industry, which has been bruised by weak economics. Oil […]