Baker Hughes reported that the number of oil and gas rigs in the US rose this week by 1 to 791, with the total oil and gas rigs clocking in at 265 less than this time last year. The number of oil rigs increased for the week, by 1 rig, according to Baker Hughes data, bringing the total to 679—a 174-rig loss year over year. The total number of active gas rigs in the United States stayed the same according to the report, at 110. This compares to 194 a year ago. The miscellaneous rig count stayed the same this week as well, for a total of 2 miscellaneous rigs. Meanwhile, oil production held steady at 13 million bpd for the second week in a row, according to data provided by the Energy Information Administration. The 13 million bpd figure represents a high for the United States. The number […]