US Rig Count Drops To 440, Another All-Time Low

April 15, 2016

The number of rigs exploring for oil and natural gas in the U.S. dropped by three this week to 440, again reaching an-time low amid depressed energy industry prices. A year ago, 954 rigs were active.

Houston oilfield services company Baker Hughes Inc. said Friday 351 rigs sought oil and 89 explored for natural gas.