US Drillers Cut Oil, Gas Rigs for 12th Time in 13 Weeks / Latest / By mark The oil and gas rig count fell by two to 542 in the week to July 25. Baker Hughes said this week’s decline puts the total rig count down 47 rigs, or 8% below this time last year. Share this: Click to share on Facebook (Opens in new window) Facebook Click to share on X (Opens in new window) X Related