The US oil and gas rig count continued to fall this week, according to Baker Hughes, falling another 3 rigs for the week, according to Baker Hughes. For oil rigs, this week marks the twelfth decrease out of the last fourteen weeks, falling 99 rigs in that timeframe. The total oil and gas rig count now stands at 803, or 276 down from this time last year. The total number of active oil rigs in the United States decreased by 3 according to the report, reaching 671. The number of active gas rigs stayed at 129 for the second week. The last time oil rigs were this low was in March of 2017. By state, Texas has seen a drop of 126 year on year, while Oklahoma sunk by 92 to hit 52 rigs. Even though the number of oil rigs have declined by 206 this year alone, production […]