Baker Hughes reported on Friday that the number of oil and gas rigs in the United States increased by 2 this week, bringing the total rig count to 432. Last week, the U.S. oil and gas rig count increased by 13. The total number of active oil and gas drilling rigs in the U.S. is still 170 fewer than this time last year. The oil rig count stayed the same at 337 this week. The number of gas rigs increased by 2 to 93. The number of miscellaneous rigs also stayed the same. The EIA’s estimate for oil production in the United States for the week ending April 2 fell by 200,000 bpd this week to 10.9 million barrels . The EIA is now estimating that U.S. oil production will reach a modest 11.04 million bpd this year, with U.S. shale producers focusing on kicking back cash to their […]