Oil Rig Count Inches Higher As Prices Stabilize

Baker Hughes reported that the number of oil and gas rigs in the US held fast yet again this week at 790, with the total oil and gas rig falling 261 over the last 52 weeks. The number of oil rigs increased for the week, by 2 rigs, according to Baker Hughes data, bringing the total to 678—a 179-rig loss year over year. The total number of active gas rigs in the United States fell by 1 according to the report, to 110. This compares to 194 a year ago.  The miscellaneous rig count fell by 1 this week as well, bringing the total number of…