24/7 Wall St. | As Oil Rig Count Slips by 11, Hedge Funds, Producers Add to Long Positions 24/7 Wall St. In the week ended May 8, the number of rigs drilling for oil in the United States totaled 668, compared with 679 in the prior week and 1,528 a year ago. Including 226 other rigs mostly drilling for natural gas, there are a total of 894 working rigs in ... America's Oil Drilling Boom Is Sputtering Back to Life Oil rig count falls to lowest since late 2010 MarketsIdling of US oil rigs slows |