Baker Hughes reported on Friday that the number of oil and gas rigs in the United States increased by 7 this week, bringing the total rig count to 439. Last week, the U.S. oil and gas rig count increased by 2. The total number of active oil and gas drilling rigs in the U.S. is now just 90 fewer than this time last year. The oil rig count increased by 7 this week, bringing the total oil rig count to 344 this week. The number of gas rigs increased by 1 to 94. The number of miscellaneous rigs fell by 1. The EIA’s estimate for oil production in the United States for the week ending April 9 rose by 100,000 bpd this week to 11 million barrels per day. The EIA estimates that U.S. oil production will reach a modest 11.04 million bpd this year. Canada’s overall rig count […]