Oil Rig Count Falls As U.S. Drillers Exercise Caution

Baker Hughes reported on Friday that the number of oil and gas rigs in the United States stayed the same this week, with the total rig count holding fast at 470 as U.S. drillers boast more than 200 additional rigs this year. In the week prior, the U.S. oil and gas rig count increased by 9. The total number of active oil and gas drilling rigs in the U.

S. is now 205 more than this time last year. The oil rig count fell by 1 this week to 372. The number of gas rigs increased by 1 and now sits at 98. The number of miscellaneous rigs stayed the same.…