According to data from Baker Hughes BHI, the number of rigs drilling for oil and gas has fallen by about 20% in the past year. This decline reversed a steady increase that began after the rig ...

U.S. energy firms this week kept the number of oil and natural gas rigs unchanged for the second week in a row, energy ...

Robert Rapier is a chemical engineer covering the energy sector. FILE - Oil rigs stand in the Loco Hills field along U.S. Highway 82 in Eddy County, near Artesia, ... [+] N.M., one of the most ...

The oil and gas rig count, an early indicator of future output, remained at 589 in the week to Dec. 20. Baker Hughes said that puts the total rig count down 31 rigs, or 5% below this time last year.