Baker Hughes reported that the number of oil and gas rigs in the US rose this week by 3 to 793, with the total oil and gas rigs clocking in at 234 fewer than this time last year. The number of oil rigs increased for the week, by 4 rigs, according to Baker Hughes data, bringing the total to 682—a 152-rig loss year over year. The total number of active gas rigs in the United States fell by 1 according to the report, to 109. This compares to 193 a year ago. The miscellaneous rig count stayed the same this week as well, for a total of 2 miscellaneous rigs. Meanwhile, oil production in the United States ticked up to 13.1 million bpd , according to data provided by the Energy Information Administration—a brand new high for the US. The number of rigs in the most prolific basin, the […]