The number of oil and gas rigs in the United States fell by 1 this week The total rig count is now at 542, up 255 from this time last year The number of oil and gas rigs in the United States fell by 1 this week, according to Baker Hughes . The total rig count is now at 542, up 255 from this time last year, but still under the 790 active rigs as of March 2020. The U.S. oil rig count fell this week to 443—a 2-rig decrease—after six straight weeks of additions. The number of gas rigs increased by 1 and miscellaneous rigs stayed the same. The EIA’s estimate for oil production in the United States for the week ending October 15 fell slid 100,000 bpd to 11.3 million bpd after rising five out of the previous five weeks. Canada’s overall rig count decreased by 4. […]