The number of active oil and gas rigs in the United States fell this week according to Baker Hughes, as the overall rig count reaches the lowest point since February 2019. The total number of active oil and gas drilling rigs in the United States fell by 9 according to the report, with the number of active oil rigs falling by 11 to reach 789 and the number of gas rigs increasing by 2 to reach 186. The combined oil and gas rig count is 975, with oil seeing a 73-rig decrease year on year and gas rigs down 12 since this time last year. The combined oil and gas rig count is down 87 year on year. Year-to-date, the oil rig count has fallen from 877 active rigs on January 4 to 789, while gas rigs have fallen from 198 to 186 during that same time. Despite the […]