Baker Hughes reported on Thursday that the number of oil and gas rigs in the US fell again this week, by 2, to 263, showing the second small loss in the number of active rigs in as many weeks after a long streak of major losses. The total oil and gas rigs is now sitting at 700 fewer than this time last year. The number of active oil and gas rigs in the United States has continued to decline over the last seventeen weeks. The number of oil rigs decreased for the week by 3 rigs, according to Baker Hughes data, bringing the total to 185—compared to 788 active rigs this time last year. The total number of active gas rigs in the United States rose this week by a single rig, landing at 76 total rigs. This compares to 174 rigs a year ago. To compare active rigs […]