The US oil and gas rig count fell again this week, according to Baker Hughes, continuing the downward trend with a drop of 8 rigs for the week, according to Baker Hughes. This week marks ten decreases out of the last eleven weeks. The total oil and gas rig count now stands at 822, or 245 down from this time last year. The total number of active oil rigs in the United States decreased by 5 according to the report, reaching 691. The number of active gas rigs decreased by 3 to reach 130. Oil rigs have seen a loss of 183 rigs year on year, with gas rigs down 63 since this time last year. As for where the number of active rigs is slipping, Texas has seen a drop of 117 year on year, while Oklahoma has seen a drop of 93 rigs. Even though the number […]