The U.S. dropped 10 oil rigs and one gas rig for a net loss of 11 rigs this week, according to data from Baker Hughes Company. For the fifth week in a row, the U.S. has seen its rig count decline. The U.S. dropped 10 oil rigs and one gas rig for a net loss of 11 rigs this week, according to data from Baker Hughes Company. This brings the nation’s total number of active rigs to 806, which is 276 rigs shy of the count of 1,082 one year ago. Texas led all states this week in losses, shedding five rigs. The following states also idled rigs this week: Louisiana (-2) West Virginia (-2) Wyoming (-2) Colorado (-1) North Dakota (-1) Pennsylvania (-1) Utah (-1) Ohio added two rigs this week, while New Mexico and Oklahoma tacked on a rig apiece. Among the major basins, the Permian shed […]