The number of rigs actively exploring for or developing oil or natural gas in the United States is up 10 percent from last year, Baker Hughes said Friday. The oil services company released its rig counts for October , reflecting the number of rigs in service in the upstream sector. For October, there were 1,925 rigs active in the United States, five less than the previous month, but 181 more than in October 2013. The U.S. government says it’s producing more oil than it imports for the first time in nearly two decades. President Barack Obama set a goal in 2012 to cut imports by half by 2020, but the White House expects to meet that goal six years ahead of schedule. Higher oil production in the United States […]

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