Baker Hughes reported on Friday that the number of oil and gas rigs in the United States rose this week, bringing the total rig count to 470 as U.S. drillers boast more than 100 additional rigs this year. In the week prior, the U.S. oil and gas rig count increased by 5 . The total number of active oil and gas drilling rigs in the U.S. is now 204 more than this time last year. The oil rig count rose by 8 this week to 373. The number of gas rigs increased by 1 and now sits at 97. The number of miscellaneous rigs stayed the same. The EIA’s estimate for oil production in the United States for the week ending June 11—the last available data—increased to an average of 11.2 million barrels per day. This is the highest production level that the United States has seen since May […]