The US oil and gas rig count fell by 4 this week, according to Baker Hughes, after a string of losses that have stripped away 36 rigs since the beginning of May. The total number of active oil rigs in the United States fell by 5 according to the report, reaching 779. The number of active gas rigs increased by 2 to reach 174. Miscellaneous rigs fell by 1. The combined oil and gas rig count is now 954 for the week, with oil seeing a 79-rig decrease year on year and gas rigs down 13 since this time last year. The combined oil and gas rig count is down 92 year on year. Year-to-date, the oil rig count has fallen from 858 active rigs since the beginning of the year to 779, while gas rigs have fallen from 187 to 174 during that same time. Oil prices fell […]