The number of oil and gas rigs in the United States rose by 9 this week, according to Baker Hughes —after gaining 6 last week. The total rig count is now 512, up 257 from this time last year, but lagging behind the 790 active rigs in March 2020. The U.S. oil rig count rose this week to 411—an 10-rig increase. The number of gas rigs fell by 1. Miscellaneous rigs held at zero. The EIA’s estimate for oil production in the United States for the week ending September 10 rose slightly by 100,000 bpd to an average of 10.1 million barrels per day. The amount is still 1.4 million bpd below what was produced in the last week of August before Hurricane Ida hit and shut in almost all of the oil production in the Gulf of Mexico. Canada’s overall rig count increased by 11. Active oil and […]