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US Rig Count Inches Up but Still Trails Last Year

The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, after a 4-rig increase in the week prior. The total rig count rose by 2 rigs, to 588, according to Baker Hughes, down 33 from this same time last year.

The number of oil rigs rose by 1—down by 16 compared to this time last year. The number of gas rigs also rose by 1, reaching 101, a loss of 20 active gas rigs from this time last year. Miscellaneous rigs stayed the same at 6. The latest…

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