The number of oil and gas rigs in the United States rose by 6 this week, according to Baker Hughes—after falling by 11 last week. The total rig count is now 503, up 249 from the same time last year, but lagging behind the 790 active rigs in March 2020. The U.S. oil rig count rose this week to 401—a 7-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 August 27 slumped considerably by 1.5 million bpd to an average of 10…
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